• Abstract
  • Non-technical summary
  • 1 Introduction
  • 2 Estimation methodology
  • 2.1 Augmentations to linear PPP
  • 3 Data description
  • 4 Empirical results
  • 4.1 Purchasing power parity
  • 4.2 Linear Balassa-Samuelson
  • 4.3 EPSTAR
  • 4.4 BP-EPSTAR
  • 5 Conclusions
  • References
  • Tables and fi gures
  • European Central Bank Working Paper Series