Karoglou, Michail; Morley, Bruce - In: Journal of International Financial Markets, … 22 (2012) 4, pp. 958-972
The aim of this study is to determine if nonlinearities have affected purchasing power parity (PPP) since 1885. Also using recent advances in the econometrics of structural change we segment the sample space according to the identified breaks and look at whether the PPP condition holds in each...