Long-Run PPP May Not Hold After All.

Recent tests using long data series find evidence in favor of long-run PPP (by rejecting either the null hypothesis of unit roots in real exchange rates and relative prices.)

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Year of publication:	1996
Authors:	Engel, C.
Institutions:	Department of Economics, University of Washington
Subject:	UNIT ROOTS \| EXCHANGE RATE \| TESTS \| ECONOMIC MODELS

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	32 pages
Classification:	C20 - Econometric Methods: Single Equation Models. General ; C22 - Time-Series Models
Source:	RePEc - Research Papers in Economics

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