On the purchasing power parity puzzle

Journal of International Economics

Volumn 52, Issue 2, 2000, Pages 321-330

  Cheung, Yin Wong ^a   Lai, Kon S ^b  

^a UNIVERSITY OF CALIFORNIA   (United States)

^b CALIFORNIA STATE UNIVERSITY   (United States)

Author keywords

Half life persistence; Non monotonic mean reversion; Real exchange rate; Shock amplification

Indexed keywords

ECONOMIC THEORY; EXCHANGE RATE; PRICE DYNAMICS; PURCHASING POWER PARITY;

EID: 0033713959     PISSN: 00221996     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0022-1996(99)00056-2     Document Type: Article

References (16)

1. Purchasing power parity in the long run
2. Are output fluctuations transitory?
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4. On cross-country differences in the persistence of real exchange rates
5. Sources of real exchange rate fluctuations: How important are nominal shock?
6. Expectations and exchange rate dynamics
7. Long-run PPP may not hold after all
8. A panel project on purchasing power parity: Mean reversion within and between countries
9. Real exchange rate behavior: The recent float from the perspective of the past two centuries
10. Searching for stationarity: Purchasing power parity under the current float
11. Monetary shocks and real exchange rates
12. The purchasing power parity puzzle
13. The behavior of real exchange rates during the post-Bretton Woods period
14. Purchasing power disparity during the floating rate period: Exchange rate volatility, trade barriers and other culprits
15. Are real exchange rates nonstationary? Evidence from a panel-data test