Peltonen, Tuomo; Popescu, Adina; Sager, Michael - 2009
). In general, using appropriately powerful tests
early long-span univariate empirical studies conclude in favor of PPP …-Linear Mean Reversion (EPSTAR)
In parallel to studies that attempt to reduce half-live estimates of shocks to linear
PPP by … output and
a bias of domestic consumers towards home-produced goods (Obstfeld and Rogo�,
2000). In the event of a positive …