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Testing Purchasing Power Parity in the Framework of Vector Error Correction Modelling - Financial and Economic Forecasting (Chapter 14)

Penm, Jack H.W; Penm, Jammie H.; Terrell, R. Deane - 2003

In this chapter, the necessary condition and the necessary and sufficient condition for purchasing power parity (PPP) are sequentially tested for fourteen bilateral exchange rates. This test is undertaken in the framework of subset vector error correction modelling (VECM) with zero coefficients....

Persistent link: https://www.econbiz.de/10014097671

The Big Mac Index : A Shortcut to Inflation and Exchange Rate Dynamics? Price Tracking and Predictive Properties

San Vicente Portes, Luis - 2014

under-valuation of international currencies based on the theory of Purchasing Power Parity since 1986. According to the … theory, using the Big Mac as a tradable single-good basket, the Dollar-value of the hamburger should be equalized around the … to exchange rate movements, we find support for the theory of Purchasing Power Parity but only as a qualitative indicator …

Persistent link: https://www.econbiz.de/10013055284

Time Series Modeling and Forecasting Inflation : Evidence from Nigeria

Kelikume, Ikechukwu - 2014

A major concern of entrepreneurs and monetary authorities in Nigeria in the past decades was successful prediction general price level movements. The results allow successful planning on the part of monetary authorities and continued profit drive on the part of entrepreneurs and investors. This...

Persistent link: https://www.econbiz.de/10013063004