Search Results - subject:"PPP deviations"

Purchasing Power Parity and the Taylor Rule

Kim, Hyeongwoo; Fujiwara, Ippei; Hansen, Bruce E.; … - Crawford School of Public Policy, Australian National … - 2013

It is well-known that there is a large degree of uncertainty around Rogoff's (1996) consensus half-life of the real exchange rate. To obtain a more efficient estimator, we develop a system method that combines the Taylor rule and a standard exchange rate model to estimate half-lives. Further, we...

Persistent link: https://www.econbiz.de/10011186043

Purchasing power parity and the Taylor rule

Kim, Hyeongwoo; Fujiwara, Ippei; Hansen, Bruce E.; … - 2013

Persistent link: https://www.econbiz.de/10009773715

Purchasing Power Parity and the Taylor Rule

Kim, Hyeongwoo; Ogaki, Masao - Department of Economics, Auburn University - 2011

In the Kehoe and Midrigan (2007) model, the persistence parameter of the real exchange rate is closely related to the measure of price stickiness in the Calvo-pricing model. When we employ this view, Rogoff's (1996) 3 to 5 year consensus half-life implies that firms update their prices every 18...

Persistent link: https://www.econbiz.de/10010862358

Purchasing Power Parity and the Taylor Rule

Ogaki, Masao; Kim, Hyeongwoo - Ohio State University, Department of Economics - 2009

Parity, Calvo Pricing, Taylor Rule, Half-Life of PPP Deviations, Median Unbiased Estimator, Grid-t Con dence Interval JEL … returns to its long-run equilibrium at a faster rate. Therefore, the half-life of PPP deviations is negatively a ected by …-life of the PPP deviations because real exchange rate persistence is mainly driven by rms’ behavior. On the other hand …

Persistent link: https://www.econbiz.de/10005000673

Purchasing power parity and the Taylor rule

Kim, Hyeongwoo; Fujiwara, Ippei; Hansen, Bruce E.; … - In: Journal of applied econometrics 30 (2015) 6, pp. 874-903

Persistent link: https://www.econbiz.de/10011431583

The Alternative to the Existing System of the Concepts about Purchasing Power Parity Deviations . Derived from the Estonian Experience

Raim, Jaanus - Majandusteaduskond, Tallinna Tehnikaülikool - 2004

derives the improved system of the PPP deviationsÂ¥ causes. We show that both the basic causes of PPP deviations are …

Persistent link: https://www.econbiz.de/10004971464