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Did Purchasing Power Parity Hold in Medieval Europe?

Bell, Adrian R.; Brooks, Chris; Moore, Tony K. - Henley Business School, University of Reading - 2014

consider whether the law of one price and purchasing power parity held in Europe during the late fourteenth and early fifteenth … theories can be traced back over 700 years in Europe. …

Persistent link: https://www.econbiz.de/10010800982

Convergencia de precios entre las principales ciudades de México

Gómez Aguirre, Mario - In: Revista Nicolaita de Estudios Económicos V (2010) 2, pp. 85-104

. If the price deviation is stationary, it is said that there is price convergence and market integration. The results …

Persistent link: https://www.econbiz.de/10008862311

Purchasing power parity puzzle:evidence from Ghana

Oguanobi, Chibuike R.; Chukwu, Jude Okechukwu; Akamobi, … - In: Journal of Developing Areas 44 (2010) 1, pp. 101-121

This paper tests the validity of Purchasing Power Parity (PPP) doctrine for Ghana using the conventional relative PPP equation. We conducted a univariate Augmented Dickey-Fuller unit root test on the model variables. Exchange rate and CPI data for Ghana and the USA were collected on annual basis...

Persistent link: https://www.econbiz.de/10011213037

Unpuzzling the Purchasing Power Parity Puzzle

Pelagatti, Matteo; Colombo, Emilio - Dipartimento di Economia, Metodi Quantitativi e … - 2012

The empirical validation of the purchasing power parity (PPP) theory is generally based on real exchange rates built using consumer price indexes (CPI). The empirical evidence does not generally support the theory and this fact goes under the name of purchasing power parity puzzle. In this paper...

Persistent link: https://www.econbiz.de/10010901445

Understanding Long-run Price Dispersion

Yilmazkuday, Hakan; Crucini, Mario J. - Department of Economics, Florida International University - 2014

A unique panel of retail prices spanning 123 cities in 79 countries from 1990 to 2005 is used to uncover the novel properties of long-run international price dispersion. At the PPP level, almost all of price dispersion is attributed to unskilled wage dispersion. At the level of individual goods...

Persistent link: https://www.econbiz.de/10010842955

Slow Pass-through Around the World: A New Import for Developing Countries?

Frankel, Jeffrey; Parsley, David; Wei, Shang-Jin - In: Open Economies Review 23 (2012) 2, pp. 213-251

Persistent link: https://www.econbiz.de/10010865253

Understanding long-run price dispersion

Crucini, Mario J.; Yilmazkuday, Hakan - In: Journal of Monetary Economics 66 (2014) C, pp. 226-240

Persistent link: https://www.econbiz.de/10010906413

Economic integration and the exchange rate regime: How damaging are currency crises?

Weber, Axel A.; Beck, Günter W. - Center for Financial Studies - 2003

Mexico), Europe (Germany, Italy, Spain and Portugal), Asia (Japan and South Korea), and Oceania (Australia and New Zealand …) with corresponding data from emerging market economies in South America (Argentina, Bolivia, Brazil, Columbia) and Asia …-country relative price dispersion in emerging market economies. These effects are found to be quite persistent since relative price …

Persistent link: https://www.econbiz.de/10010986453

How wide are European borders? On the integration effects of monetary unions

Weber, Axel A.; Beck, Guenter - Center for Financial Studies - 2003

) to study the impact of the introduction of the euro on goods market integration. Employing both aggregated and …

Persistent link: https://www.econbiz.de/10010958499

A new solution to the purchasing power parity puzzles? Risk-aversion, exchange rate uncertainty and the law of one price: Insights from the market of online air-travel tickets

Arghyrou, Michael; gregoriou, andros; Pourpourides, … - Economics Section, Cardiff Business School - 2009

experiment based on a unique micro-data set from a market with minimum imperfections. The empirical findings validate our …

Persistent link: https://www.econbiz.de/10005011870