Trading Costs for Goods and PPP. A Nonlinear Alternative for Real Exchange rate Dynamics.

The high persistence of the PPP deviations is well documented in empirical work about real exchange rates. Our paper explores the possibility that, in presence of e.g. shipping costs, a nonlinear representation is more relevant for the real exchange rate.

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Year of publication:	1998
Authors:	Bec, F. ; Ben Salem, M.
Institutions:	Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor.
Subject:	EXCHANGE RATE U.F.R. de science economiques \| gestion \| mathematiques et informatique \| avenue de la Republique 9 2001 Nanterre CEDEX. 20p

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Series:	Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor..
Type of publication:	Book / Working Paper
Classification:	F30 - International Finance. General ; F31 - Foreign Exchange
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005618891