Long-run purchasing power parity redux
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DOI: 10.1016/j.jimonfin.2020.102260
Abstract: Abstract We test for long-run covariability between nominal exchange rate depreciation and inflation differentials to provide a new perspective on long-run Purchasing Power Parity (PPP). The method directly tests Cassel’s concept of relative PPP and… read more here.
Keywords: run; purchasing power; run purchasing; power parity ... See more keywords