Testing PPP for Central American real exchange rates. Evidence from new panel data stationary tests with structural breaks

The new panel data stationary test with multiple structural breaks developed by Carrion-i-Silvestre, Del Barrio-Castro and Lopez-Bazo (2005) is used along with standard stationary tests to study the long-run PPP hypothesis in a set of six Central American countries for the period 1976:1-2006:4. Contrary to standard tests, this new procedure provides strong support for PPP.

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Year of publication:	2008-05-19
Authors:	Hoarau, Jean-François
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 6.2008, 21, p. 1-5
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
Classification:	F3 - International Finance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010629329