메뉴 건너뛰기




Volumn , Issue , 2003, Pages 1-126

The Big Mac index: Applications of purchasing power parity

Author keywords

[No Author keywords available]

Indexed keywords


EID: 84996835585     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.1057/9780230512412     Document Type: Book
Times cited : (21)

References (200)
  • 1
    • 84977737410 scopus 로고
    • Purchasing Power Parity in the Long Run
    • Abuaf, N. and P. Jorion (1990) 'Purchasing Power Parity in the Long Run', Journal of Finance, vol. 45, pp. 157-74.
    • (1990) Journal of Finance , vol.45 , pp. 157-174
    • Abuaf, N.1    Jorion, P.2
  • 2
    • 84944838161 scopus 로고
    • International Portfolio Choice and Corporation Finance: A Synthesis
    • Adler, M. and B. Dumas (1983) 'International Portfolio Choice and Corporation Finance: A Synthesis', Journal of Finance, vol. 38, pp. 925-84.
    • (1983) Journal of Finance , vol.38 , pp. 925-984
    • Adler, M.1    Dumas, B.2
  • 3
    • 84944835541 scopus 로고
    • Deviations from Purchasing Power Parity in the Long Run
    • Adler, M. and B. Lehmann (1983) 'Deviations from Purchasing Power Parity in the Long Run', Journal of Finance, vol. 38, pp. 1471-87.
    • (1983) Journal of Finance , vol.38 , pp. 1471-1487
    • Adler, M.1    Lehmann, B.2
  • 4
    • 84963043580 scopus 로고
    • Monetary Theory and Monetary Policy: Some Recent Discussions
    • Angell, J. W. (1925) 'Monetary Theory and Monetary Policy: Some Recent Discussions', Quarterly Journal of Economics, vol. 39, pp. 267-99.
    • (1925) Quarterly Journal of Economics , vol.39 , pp. 267-299
    • Angell, J.W.1
  • 5
    • 0011090810 scopus 로고
    • Methods of Assessing the Long-run Equilibrium Value of an Exchange Rate
    • Artus, J. R. (1978) 'Methods of Assessing the Long-run Equilibrium Value of an Exchange Rate', Journal of International Economics, vol. 8, pp. 277-99.
    • (1978) Journal of International Economics , vol.8 , pp. 277-299
    • Artus, J.R.1
  • 6
    • 84959806673 scopus 로고
    • Foreign Exchange Shadow Prices: A Critical Review of Current Theories
    • Bacha, E. and L. Taylor (1971) 'Foreign Exchange Shadow Prices: A Critical Review of Current Theories', Quarterly Journal of Economics, vol. 85, pp. 197-224.
    • (1971) Quarterly Journal of Economics , vol.85 , pp. 197-224
    • Bacha, E.1    Taylor, L.2
  • 7
    • 0001399205 scopus 로고
    • The Purchasing-Power Parity Doctrine: A Reappraisal
    • Balassa, B. (1964) 'The Purchasing-Power Parity Doctrine: A Reappraisal', Journal of Political Economy, vol. 72, pp. 584-96.
    • (1964) Journal of Political Economy , vol.72 , pp. 584-596
    • Balassa, B.1
  • 8
    • 0011002075 scopus 로고
    • Purchasing Power Parity Measures of Competitiveness
    • September
    • Bartolini, L. (1995) 'Purchasing Power Parity Measures of Competitiveness', Finance and Development, September, pp. 46-9.
    • (1995) Finance and Development , pp. 46-49
    • Bartolini, L.1
  • 10
    • 77951911437 scopus 로고
    • The Purchasing Power Parity Theory Re-Examined
    • Bunting, F. H. (1939) 'The Purchasing Power Parity Theory Re-Examined', Southern Economic Journal, vol. 5, pp. 282-301.
    • (1939) Southern Economic Journal , vol.5 , pp. 282-301
    • Bunting, F.H.1
  • 11
    • 0002978146 scopus 로고
    • The Present Situation of the Foreign Exchanges
    • Cassel, G. (1916a) 'The Present Situation of the Foreign Exchanges', Economic Journal, vol. 26, pp. 62-5.
    • (1916) Economic Journal , vol.26 , pp. 62-65
    • Cassel, G.1
  • 12
    • 0002978146 scopus 로고
    • The Present Situation of the Foreign Exchanges
    • Cassel, G. (1916b) 'The Present Situation of the Foreign Exchanges', Economic Journal, vol. 26, pp. 319-23.
    • (1916) Economic Journal , vol.26 , pp. 319-323
    • Cassel, G.1
  • 15
    • 84886337685 scopus 로고
    • Exchanges, Foreign
    • Supplementary, 13th edn
    • Cassel, G. (1926) 'Exchanges, Foreign', Encyclopedia Britannica, Supplementary Vol. 1, 13th edn, pp. 1086-9.
    • (1926) Encyclopedia Britannica , vol.1 , pp. 1086-1089
    • Cassel, G.1
  • 16
    • 84951545138 scopus 로고
    • The International Movements of Capital
    • Chicago: University of Chicago Press
    • Cassel, G. (1928) 'The International Movements of Capital', in Foreign Investments, pp. 1-93. Chicago: University of Chicago Press.
    • (1928) Foreign Investments , pp. 1-93
    • Cassel, G.1
  • 18
    • 0005729729 scopus 로고
    • Human Capital, Natural Resources and the Purchasing-Power Parity Doctrine: Some Empirical Results
    • Clague, C. and V. Tanzi (1972) 'Human Capital, Natural Resources and the Purchasing-Power Parity Doctrine: Some Empirical Results', Economia Internazionale, vol. 25, pp. 3-18.
    • (1972) Economia Internazionale , vol.25 , pp. 3-18
    • Clague, C.1    Tanzi, V.2
  • 19
    • 51249183229 scopus 로고
    • An International Comparison of the Price of Nontraded Goods
    • Clements, K. W. and M. Semudram (1983) 'An International Comparison of the Price of Nontraded Goods', Weltwirtschaftliches Archiv, vol. 119, pp. 356-63.
    • (1983) Weltwirtschaftliches Archiv , vol.119 , pp. 356-363
    • Clements, K.W.1    Semudram, M.2
  • 20
    • 0346410370 scopus 로고
    • International Evidence on Tradeables and Nontradeables Inflation
    • De Gregorio, J., A. Giovannini and H.C. Wolf (1994) 'International Evidence on Tradeables and Nontradeables Inflation', European Economic Review, vol. 38, pp. 1225-44.
    • (1994) European Economic Review , vol.38 , pp. 1225-1244
    • De Gregorio, J.A.1    Giovannini, A.2    Wolf, H.C.3
  • 21
    • 0005687562 scopus 로고
    • Exchange Depreciation in Developing Countries
    • De Vries, M. G. (1968) 'Exchange Depreciation in Developing Countries', IMF Staff Papers, no. 15, pp. 560-78.
    • (1968) IMF Staff Papers , vol.15 , pp. 560-578
    • De Vries, M.G.1
  • 23
    • 0002489201 scopus 로고
    • Purchasing Power Parity
    • eds J. Eatwell, M. Milgate and P. Newman, London: Palgrave Macmillan
    • Dornbusch, R. (1987) 'Purchasing Power Parity', in The New Palgrave: A Dictionary of Economics, eds J. Eatwell, M. Milgate and P. Newman, pp. 1075-85. London: Palgrave Macmillan.
    • (1987) The New Palgrave: A Dictionary of Economics , pp. 1075-1085
    • Dornbusch, R.1
  • 25
    • 5544243257 scopus 로고
    • Six Possible Meanings of "Overvaluation": The 1981-85 Dollar
    • Princeton: Princeton University Press
    • Frankel, J. A. (1985) 'Six Possible Meanings of "Overvaluation": The 1981-85 Dollar', Essays in International Finance, no. 159. Princeton: Princeton University Press.
    • (1985) Essays in International Finance , Issue.159
    • Frankel, J.A.1
  • 27
    • 0001871587 scopus 로고
    • Are Exchange Rages Excessively Variable?
    • ed. Stanley Fischer, Cambridge: MIT Press
    • Frankel, J. A. and R. Meese (1987) 'Are Exchange Rages Excessively Variable?', in NBER Macroeconomics Annual, ed. Stanley Fischer, pp. 117-53. Cambridge: MIT Press.
    • (1987) NBER Macroeconomics Annual , pp. 117-153
    • Frankel, J.A.1    Meese, R.2
  • 28
    • 0000634137 scopus 로고
    • A Monetary Approach to the Exchange Rate: Doctrinal Aspects and Empirical Evidence
    • Frenkel, J. A. (1976) 'A Monetary Approach to the Exchange Rate: Doctrinal Aspects and Empirical Evidence', Scandinavian Journal of Economics, vol. 78, pp. 200-24.
    • (1976) Scandinavian Journal of Economics , vol.78 , pp. 200-224
    • Frenkel, J.A.1
  • 29
    • 0001107642 scopus 로고
    • Purchasing Power Parity: Doctrinal Perspective and Evidence from the 1920s
    • Frenkel, J. A. (1978) 'Purchasing Power Parity: Doctrinal Perspective and Evidence from the 1920s', Journal of International Economics, vol. 8, pp. 169-91.
    • (1978) Journal of International Economics , vol.8 , pp. 169-191
    • Frenkel, J.A.1
  • 30
    • 49149135061 scopus 로고
    • The Collapse of Purchasing Power Parities during the 1970s
    • Frenkel, J. A. (1981) 'The Collapse of Purchasing Power Parities during the 1970s', European Economic Review, vol. 16, pp. 145-65.
    • (1981) European Economic Review , vol.16 , pp. 145-165
    • Frenkel, J.A.1
  • 31
    • 0001222668 scopus 로고
    • The Efficiency of Foreign Exchange Markets and Measures of Turbulence
    • Frenkel, J. A. and M. L. Mussa (1980) 'The Efficiency of Foreign Exchange Markets and Measures of Turbulence', American Economic Review, vol. 70, pp. 374-81.
    • (1980) American Economic Review , vol.70 , pp. 374-381
    • Frenkel, J.A.1    Mussa, M.L.2
  • 32
    • 77957239083 scopus 로고
    • Perspectives on PPP and Long-Run Real Exchange Rates
    • eds G. Grossman and K. Rogoff, Amsterdam: North-Holland Press
    • Froot, K. A. and K. Rogoff (1995) 'Perspectives on PPP and Long-Run Real Exchange Rates', in Handbook of International Economics, eds G. Grossman and K. Rogoff, vol. 3, pp. 1647-88. Amsterdam: North-Holland Press.
    • (1995) Handbook of International Economics , vol.3 , pp. 1647-1688
    • Froot, K.A.1    Rogoff, K.2
  • 34
    • 84983992904 scopus 로고
    • New Measures of Prices and Productivity for Tradeable and Nontradeable Goods
    • Goldstein, M. and L. H. Officer (1979) 'New Measures of Prices and Productivity for Tradeable and Nontradeable Goods', The Review of Income and Wealth, vol. 25, pp. 413-27.
    • (1979) The Review of Income and Wealth , vol.25 , pp. 413-427
    • Goldstein, M.1    Officer, L.H.2
  • 36
    • 84996882575 scopus 로고
    • Measures of Currency Overvaluation and Stabilization
    • New York: McGraw-Hill
    • Harris, S. E. (1936) 'Measures of Currency Overvaluation and Stabilization', Explorations in Economics, pp. 35-45. New York: McGraw-Hill.
    • (1936) Explorations in Economics , pp. 35-45
    • Harris, S.E.1
  • 38
    • 0346584054 scopus 로고
    • The Purchasing-Power-Parity Theory: In Defence of Gustav Cassel as a Modern Theorist
    • Holmes, J. M. (1967) 'The Purchasing-Power-Parity Theory: In Defence of Gustav Cassel as a Modern Theorist', Journal of Political Economy, vol. 75, pp. 686-95.
    • (1967) Journal of Political Economy , vol.75 , pp. 686-695
    • Holmes, J.M.1
  • 39
    • 84871339883 scopus 로고
    • Exchange Rate Adjustment
    • Compilation of studies prepared for the Subcommittee on International Exchange Payments, Joint Economic Committee, 87th Congress, 2nd Session. Washington, DC: US Government Printing Office
    • Houthakker, H. S. (1962) 'Exchange Rate Adjustment', in Factors Affecting the United States Balance of Payments, pp. 287-304, Compilation of studies prepared for the Subcommittee on International Exchange Payments, Joint Economic Committee, 87th Congress, 2nd Session. Washington, DC: US Government Printing Office.
    • (1962) Factors Affecting the United States Balance of Payments , pp. 287-304
    • Houthakker, H.S.1
  • 40
    • 45949119253 scopus 로고
    • An Empirical Investigation of the Long-Run Behavior of Real Exchange Rates
    • Huizinga, J. (1987) 'An Empirical Investigation of the Long-Run Behavior of Real Exchange Rates', Carnegie-Rochester Series on Public Policy, vol. 27, pp. 149-215.
    • (1987) Carnegie-Rochester Series on Public Policy , vol.27 , pp. 149-215
    • Huizinga, J.1
  • 41
    • 0018912756 scopus 로고
    • Inter-Country Comparison of "Real" (PPP) Incomes: Revised Estimates and Unresolved Questions
    • Isenman, P. (1980) 'Inter-Country Comparison of "Real" (PPP) Incomes: Revised Estimates and Unresolved Questions', World Development, vol. 8, pp. 61-72.
    • (1980) World Development , vol.8 , pp. 61-72
    • Isenman, P.1
  • 44
    • 0000520446 scopus 로고
    • Price Behavior in the Light of Balance of Payments Theories
    • Kravis, I. B. and R. Lipsey (1978) 'Price Behavior in the Light of Balance of Payments Theories', Journal of International Economics, vol. 8, pp. 193-247.
    • (1978) Journal of International Economics , vol.8 , pp. 193-247
    • Kravis, I.B.1    Lipsey, R.2
  • 46
    • 0002592394 scopus 로고
    • Equilibrium Exchange Rates
    • eds W. H. Branson, J. A. Frenkel and M. Goldstein, Chicago: University of Chicago Press
    • Krugman, P. R. (1990a) 'Equilibrium Exchange Rates', in International Policy Coordination and Exchange Rate Fluctuations, eds W. H. Branson, J. A. Frenkel and M. Goldstein, pp. 159-95. Chicago: University of Chicago Press.
    • (1990) International Policy Coordination and Exchange Rate Fluctuations , pp. 159-195
    • Krugman, P.R.1
  • 47
    • 0343910381 scopus 로고
    • Hindsight on the Strong Dollar
    • eds S. Gerlach and P. A. Petri, Cambridge: MIT Press
    • Krugman, P. R. (1990b) 'Hindsight on the Strong Dollar', in The Economics of the Dollar Cycle, eds S. Gerlach and P. A. Petri, pp. 82-118. Cambridge: MIT Press.
    • (1990) The Economics of the Dollar Cycle , pp. 82-118
    • Krugman, P.R.1
  • 48
    • 0002495262 scopus 로고
    • A Century Plus of Japanese Exchange Rate Behavior
    • Lothian, J. R. (1990) 'A Century Plus of Japanese Exchange Rate Behavior', Japan and the World Economy, vol. 2, pp. 47-70.
    • (1990) Japan and the World Economy , vol.2 , pp. 47-70
    • Lothian, J.R.1
  • 49
    • 0031068989 scopus 로고    scopus 로고
    • Multi-Country Evidence on the Behavior of Purchasing Power Parity under the Current Float
    • Lothian, J. R. (1997) 'Multi-Country Evidence on the Behavior of Purchasing Power Parity under the Current Float', Journal of International Money and Finance, vol. 16, pp. 19-35.
    • (1997) Journal of International Money and Finance , vol.16 , pp. 19-35
    • Lothian, J.R.1
  • 50
    • 0021082237 scopus 로고
    • A Comparison of the Levels of GDP per Capita in Developed and Developing Countries, 1790-1980
    • Maddison, A. (1983) 'A Comparison of the Levels of GDP per Capita in Developed and Developing Countries, 1790-1980', Journal of Economic History, vol. 43, pp. 27-41.
    • (1983) Journal of Economic History , vol.43 , pp. 27-41
    • Maddison, A.1
  • 51
    • 0003018852 scopus 로고
    • An International Comparison of Prices and Exchange Rates: A New Test of Purchasing Power Parity
    • Manzur, M. (1990) 'An International Comparison of Prices and Exchange Rates: A New Test of Purchasing Power Parity', Journal of International Money and Finance, vol. 9, pp. 75-91.
    • (1990) Journal of International Money and Finance , vol.9 , pp. 75-91
    • Manzur, M.1
  • 52
    • 0001757350 scopus 로고
    • Currency Fluctuations in the Post-Bretton Woods Period
    • Meese, R. (1990) 'Currency Fluctuations in the Post-Bretton Woods Period', Journal of Economic Perspectives, vol. 4, pp. 117-34.
    • (1990) Journal of Economic Perspectives , vol.4 , pp. 117-134
    • Meese, R.1
  • 53
    • 84977732024 scopus 로고
    • Was It Real? The Exchange Rate Interest Differential Relation Over the Modern Floating Exchange Rate Period
    • Meese, R. and K. Rogoff (1988) 'Was It Real? The Exchange Rate Interest Differential Relation Over the Modern Floating Exchange Rate Period', Journal of Finance, vol. 43, pp. 933-48.
    • (1988) Journal of Finance , vol.43 , pp. 933-948
    • Meese, R.1    Rogoff, K.2
  • 54
    • 24344451473 scopus 로고
    • Purchasing Power Parity Yet Again: Evidence from Spatially Separated Commodity Markets
    • Michael, P., A. R. Nobay and D. Peel (1994a) 'Purchasing Power Parity Yet Again: Evidence from Spatially Separated Commodity Markets', Journal of International Money and Finance, vol. 13, pp. 637-57.
    • (1994) Journal of International Money and Finance , vol.13 , pp. 637-657
    • Michael, P.1    Nobay, A.R.2    Peel, D.3
  • 55
    • 84996635209 scopus 로고
    • Exchange Rates, Transactions Bands and Cassell's Doctrine of PPP
    • Department of Economics and Accounting, University of Liverpool
    • Michael, P., A. R. Nobay and D. Peel (1994b) 'Exchange Rates, Transactions Bands and Cassell's Doctrine of PPP', Liverpool Research Papers in Economics and Finance, no. 9403, Department of Economics and Accounting, University of Liverpool.
    • (1994) Liverpool Research Papers in Economics and Finance , Issue.9403
    • Michael, P.1    Nobay, A.R.2    Peel, D.3
  • 56
    • 0010723555 scopus 로고
    • Purchasing Power Parity and Relative Price Variability
    • Miller, S. (1984) 'Purchasing Power Parity and Relative Price Variability', European Economic Review, vol. 26, pp. 353-67.
    • (1984) European Economic Review , vol.26 , pp. 353-367
    • Miller, S.1
  • 57
    • 0042273578 scopus 로고
    • Nominal Exchange Rate Regimes and the Behaviour of Real Exchange Rates: Evidence and Implications
    • Mussa, M. L. (1986) 'Nominal Exchange Rate Regimes and the Behaviour of Real Exchange Rates: Evidence and Implications', Carnegie-Rochester Conference Series on Public Policy, vol. 25, pp. 117-214.
    • (1986) Carnegie-Rochester Conference Series on Public Policy , vol.25 , pp. 117-214
    • Mussa, M.L.1
  • 58
    • 40449135310 scopus 로고
    • Experiences of Flexible Exchange Rates in Earlier Periods: Theories, Evidence and a New View
    • Myhrman, J. (1976) 'Experiences of Flexible Exchange Rates in Earlier Periods: Theories, Evidence and a New View', Scandinavian Journal of Economics, vol. 78, pp. 169-96.
    • (1976) Scandinavian Journal of Economics , vol.78 , pp. 169-196
    • Myhrman, J.1
  • 59
    • 84977403403 scopus 로고
    • Purchasing Power Parity and Factor Price Equalization
    • Officer, L. H. (1974) 'Purchasing Power Parity and Factor Price Equalization', Kyklos, vol. 27, pp. 868-78.
    • (1974) Kyklos , vol.27 , pp. 868-878
    • Officer, L.H.1
  • 60
    • 0000056131 scopus 로고
    • The Productivity Bias in Purchasing Power Parity: An Econometric Investigation
    • Officer, L. H. (1976b) 'The Productivity Bias in Purchasing Power Parity: An Econometric Investigation', IMF Staff Papers, no. 23, pp. 545-79.
    • (1976) IMF Staff Papers , vol.23 , pp. 545-579
    • Officer, L.H.1
  • 61
    • 0003433209 scopus 로고
    • Purchasing Power Parity and Exchange Rates: Theory, Evidence and Relevance
    • eds E. I. Altman and I. Walter, Connecticut: JAI Press
    • Officer, L. H. (1982) 'Purchasing Power Parity and Exchange Rates: Theory, Evidence and Relevance', in Contemporary Studies in Economic and Financial Analysis, eds E. I. Altman and I. Walter, vol. 35. Connecticut: JAI Press.
    • (1982) Contemporary Studies in Economic and Financial Analysis , vol.35
    • Officer, L.H.1
  • 63
    • 0028599055 scopus 로고
    • Real Exchange Rate Misalignment and Agricultural Export Performance in Developing Countries
    • Chicago: University of Chicago Press
    • Pick, D. H. and T. L. Volrath (1994) 'Real Exchange Rate Misalignment and Agricultural Export Performance in Developing Countries', in Economic Development and Cultural Change, pp. 555-71. Chicago: University of Chicago Press.
    • (1994) Economic Development and Cultural Change , pp. 555-571
    • Pick, D.H.1    Volrath, T.L.2
  • 65
    • 33645559037 scopus 로고
    • (1810/11) The High Price of Bullion, reprinted in Sraffa
    • Ricardo, D. (1810/11) The High Price of Bullion, reprinted in Sraffa (1951), vol. III, pp. 47-127.
    • (1951) The High Price of Bullion , vol.III , pp. 47-127
    • Ricardo, D.1
  • 69
    • 0011023660 scopus 로고
    • Real Shocks and Real Exchange Rates in Really Long-Term Data
    • International Finance Discussion Papers, no. 493, Board of Governors of the Federal Reserve System, Washington DC
    • Rogers, J. H. (1995) 'Real Shocks and Real Exchange Rates in Really Long-Term Data', International Finance Discussion Papers, no. 493, Board of Governors of the Federal Reserve System, Washington DC.
    • (1995)
    • Rogers, J.H.1
  • 70
    • 0001547088 scopus 로고
    • Haircuts or Hysteresis? Sources of Movements in Real Exchange Rates
    • Rogers, J. H. and M. Jenkins (1995) 'Haircuts or Hysteresis? Sources of Movements in Real Exchange Rates', Journal of International Economics, vol. 38, pp. 339-60.
    • (1995) Journal of International Economics , vol.38 , pp. 339-360
    • Rogers, J.H.1    Jenkins, M.2
  • 71
    • 0000786475 scopus 로고    scopus 로고
    • The Purchasing Power Parity Puzzle
    • Rogoff, K. (1996) 'The Purchasing Power Parity Puzzle', Journal of Economic Literature, vol. 34, pp. 647-68.
    • (1996) Journal of Economic Literature , vol.34 , pp. 647-668
    • Rogoff, K.1
  • 73
    • 84977282518 scopus 로고
    • Further Observations on Foreign Exchange Rates
    • Sadie, J. L. (1948) 'Further Observations on Foreign Exchange Rates', South African Journal of Economics, vol. 16, pp. 194-201.
    • (1948) South African Journal of Economics , vol.16 , pp. 194-201
    • Sadie, J.L.1
  • 74
    • 0010080519 scopus 로고
    • Nominal and Real Exchange Rates: Issues and Some Evidence
    • eds E. Claassen and P. Salin, Amsterdam: North-Holland Press
    • Saidi, N. and A. Swoboda (1983) 'Nominal and Real Exchange Rates: Issues and Some Evidence', in Recent Issues in the Theory of Flexible Exchange Rates, eds E. Claassen and P. Salin, pp. 3-27. Amsterdam: North-Holland Press.
    • (1983) Recent Issues in the Theory of Flexible Exchange Rates , pp. 3-27
    • Saidi, N.1    Swoboda, A.2
  • 75
    • 84996818306 scopus 로고
    • Discussion Paper no. 91-24, Department of Economics, University of Western Australia
    • Sjaastad, L. (1991) PPP and the Real Exchange Rate: The Swiss Case, Discussion Paper no. 91-24, Department of Economics, University of Western Australia.
    • (1991) PPP and the Real Exchange Rate: The Swiss Case
    • Sjaastad, L.1
  • 78
    • 45549118433 scopus 로고
    • Real Exchange Rate Variability Under Pegged and Floating Nominal Exchange Rate Systems: An Equilibrium Theory
    • Stockman, A. C. (1988) 'Real Exchange Rate Variability Under Pegged and Floating Nominal Exchange Rate Systems: An Equilibrium Theory', Carnegie-Rochester Conference Series on Public Policy, vol. 29, pp. 259-94.
    • (1988) Carnegie-Rochester Conference Series on Public Policy , vol.29 , pp. 259-294
    • Stockman, A.C.1
  • 79
    • 5544259151 scopus 로고
    • The Fixing of Foreign Exchange Rates
    • Tamagna, F. M. (1945) 'The Fixing of Foreign Exchange Rates', Journal of Political Economy, vol. 53, pp. 57-72.
    • (1945) Journal of Political Economy , vol.53 , pp. 57-72
    • Tamagna, F.M.1
  • 80
    • 0001795161 scopus 로고
    • The Economics of Exchange Rates
    • Taylor, M. P. (1995) 'The Economics of Exchange Rates', Journal of Economic Literature, vol. 33, pp. 13-47.
    • (1995) Journal of Economic Literature , vol.33 , pp. 13-47
    • Taylor, M.P.1
  • 81
    • 33748311062 scopus 로고
    • A Divisia Version of the Country-Product-Dummy Method
    • Voltaire, K. and E. J. Stack (1980) 'A Divisia Version of the Country-Product-Dummy Method', Economics Letters, vol. 5, pp. 97-9.
    • (1980) Economics Letters , vol.5 , pp. 97-99
    • Voltaire, K.1    Stack, E.J.2
  • 86
    • 61649102012 scopus 로고
    • A Rehabilitation of Purchasing-Power Parity
    • Yeager, L. B. (1958) 'A Rehabilitation of Purchasing-Power Parity', Journal of Political Economy, vol. 66, pp. 516-30.
    • (1958) Journal of Political Economy , vol.66 , pp. 516-530
    • Yeager, L.B.1
  • 88
    • 0033470529 scopus 로고    scopus 로고
    • Pitfalls in Panel Tests of Purchasing Power Parity
    • Anker, P. (1999) 'Pitfalls in Panel Tests of Purchasing Power Parity', Weltwischaftliches Archiv, vol. 135, pp. 437-53.
    • (1999) Weltwischaftliches Archiv , vol.135 , pp. 437-453
    • Anker, P.1
  • 90
    • 84980233982 scopus 로고
    • A Time-Series Approach to Test the Productivity Bias Hypothesis in Purchasing Power Parity
    • Bahmani-Oskooee, M. (1992) 'A Time-Series Approach to Test the Productivity Bias Hypothesis in Purchasing Power Parity', Kyklos, vol. 45, pp. 227-36.
    • (1992) Kyklos , vol.45 , pp. 227-236
    • Bahmani-Oskooee, M.1
  • 91
    • 0032219371 scopus 로고    scopus 로고
    • Do Exchange Rates Follow a Random Walk Process in Middle Eastern Countries?
    • Bahmani-Oskooee, M. (1998) 'Do Exchange Rates Follow a Random Walk Process in Middle Eastern Countries?', Economics Letters, vol. 58, pp. 339-44.
    • (1998) Economics Letters , vol.58 , pp. 339-344
    • Bahmani-Oskooee, M.1
  • 93
    • 0039697163 scopus 로고    scopus 로고
    • Deviations of Exchange Rates from Purchasing Power Parity: A Story Featuring Two Monetary Unions
    • Bayoumi, T. and R. MacDonald (1999) 'Deviations of Exchange Rates from Purchasing Power Parity: A Story Featuring Two Monetary Unions', IMF Staff Papers, no. 46, pp. 89-102.
    • (1999) IMF Staff Papers , vol.46 , pp. 89-102
    • Bayoumi, T.1    MacDonald, R.2
  • 94
    • 0001540228 scopus 로고    scopus 로고
    • Testing for Purchasing Power Parity: Econometric Issues and an Application to Developing Countries
    • Boyd, D. and R. Smith (1999) 'Testing for Purchasing Power Parity: Econometric Issues and an Application to Developing Countries', The Manchester School of Economic and Social Studies, vol. 67, pp. 287-303.
    • (1999) The Manchester School of Economic and Social Studies , vol.67 , pp. 287-303
    • Boyd, D.1    Smith, R.2
  • 95
    • 0001921104 scopus 로고
    • An Assessment of the Evidence on Purchasing Power Parity
    • ed. J. Williamson, Washington, DC: Institute for International Economics
    • Breuer, J. B. (1994) 'An Assessment of the Evidence on Purchasing Power Parity', in Estimating Equilibrium Exchange Rates, ed. J. Williamson, pp. 245-77. Washington, DC: Institute for International Economics.
    • (1994) Estimating Equilibrium Exchange Rates , pp. 245-277
    • Breuer, J.B.1
  • 96
    • 0033998054 scopus 로고    scopus 로고
    • On Cross-Country Differences in the Persistence of Real Exchange Rates
    • Cheung, Y. W. and K. S. Lai (2000) 'On Cross-Country Differences in the Persistence of Real Exchange Rates', Journal of International Economics, vol. 50, pp. 375-97.
    • (2000) Journal of International Economics , vol.50 , pp. 375-397
    • Cheung, Y.W.1    Lai, K.S.2
  • 97
    • 0030273864 scopus 로고    scopus 로고
    • Contrarian MacParity
    • Click, R. W. (1996) 'Contrarian MacParity', Economics Letters, vol. 53, pp. 209-12.
    • (1996) Economics Letters , vol.53 , pp. 209-212
    • Click, R.W.1
  • 98
    • 0000397632 scopus 로고
    • Cointegration and Tests of Purchasing Power Parity
    • Corbae, D. and S. Ouliaris (1988) 'Cointegration and Tests of Purchasing Power Parity', Review of Economics and Statistics, vol. 70, pp. 508-21.
    • (1988) Review of Economics and Statistics , vol.70 , pp. 508-521
    • Corbae, D.1    Ouliaris, S.2
  • 99
    • 0012797658 scopus 로고    scopus 로고
    • Forecasting Exchange Rates and Relative Prices with the Hamburger Standard: Is What You Want What You Get with McParity?
    • NBER Working Paper Series, no. 5675, National Bureau of Economic Research, Cambridge, Massachusetts
    • Cumby, R. E. (1996) 'Forecasting Exchange Rates and Relative Prices with the Hamburger Standard: Is What You Want What You Get with McParity?', NBER Working Paper Series, no. 5675, National Bureau of Economic Research, Cambridge, Massachusetts.
    • (1996)
    • Cumby, R.E.1
  • 100
    • 0011538290 scopus 로고
    • Purchasing Power Parity did not Collapse during the 1970s
    • Davutyan, N. and J. Pippenger (1985) 'Purchasing Power Parity did not Collapse during the 1970s', American Economic Review, vol. 75, pp. 1151-8.
    • (1985) American Economic Review , vol.75 , pp. 1151-1158
    • Davutyan, N.1    Pippenger, J.2
  • 101
    • 85036258669 scopus 로고
    • Distribution of the Estimators for Autoregressive Time Series with a Unit Root
    • Dickey, D. A. and W. A. Fuller (1979) 'Distribution of the Estimators for Autoregressive Time Series with a Unit Root', Journal of the American Statistical Association, vol. 74, pp. 427-31.
    • (1979) Journal of the American Statistical Association , vol.74 , pp. 427-431
    • Dickey, D.A.1    Fuller, W.A.2
  • 102
  • 103
    • 0033011833 scopus 로고    scopus 로고
    • Testing Long-Run Validity of Purchasing Power Parity for Asian Countries
    • Doganlar, M. (1999) 'Testing Long-Run Validity of Purchasing Power Parity for Asian Countries', Applied Economics Letters, vol. 6, pp. 147-51.
    • (1999) Applied Economics Letters , vol.6 , pp. 147-151
    • Doganlar, M.1
  • 104
    • 0000852872 scopus 로고
    • Expectations and Exchange Rate Dynamics
    • Dornbusch, R. (1976) 'Expectations and Exchange Rate Dynamics', Journal of Political Economy, vol. 84, pp. 1161-76.
    • (1976) Journal of Political Economy , vol.84 , pp. 1161-1176
    • Dornbusch, R.1
  • 106
    • 0031070989 scopus 로고    scopus 로고
    • Understanding the Empirical Literature on Purchasing Power Parity: The Post-Bretton Woods Era
    • Edison, H. J., G. E. Gagnon and W. R. Melick (1997) 'Understanding the Empirical Literature on Purchasing Power Parity: The Post-Bretton Woods Era', Journal of International Money and Finance, vol. 16, pp. 1-17.
    • (1997) Journal of International Money and Finance , vol.16 , pp. 1-17
    • Edison, H.J.1    Gagnon, G.E.2    Melick, W.R.3
  • 107
    • 0000397633 scopus 로고
    • ARIMA and Cointegration Tests of PPP under Fixed and Flexible Exchange Rate Regimes
    • Enders, W. (1988) 'ARIMA and Cointegration Tests of PPP under Fixed and Flexible Exchange Rate Regimes', Review of Economics and Statistics, vol. 70, pp. 504-8.
    • (1988) Review of Economics and Statistics , vol.70 , pp. 504-508
    • Enders, W.1
  • 108
    • 0033938808 scopus 로고    scopus 로고
    • Long-Run PPP May Not Hold after All
    • Engel, C. (2000) 'Long-Run PPP May Not Hold after All', Journal of International Economics, vol. 51, pp. 243-73.
    • (2000) Journal of International Economics , vol.51 , pp. 243-273
    • Engel, C.1
  • 109
    • 0042032057 scopus 로고    scopus 로고
    • Intra-National, Intra-Continental and Intra-Planetary PPP
    • International Finance Discussion Papers' no. 589, Board of Governors of the Federal Reserve System, Washington DC
    • Engel, C., M. K. Hendrickson and J. H. Rogers (1997) 'Intra-National, Intra-Continental and Intra-Planetary PPP', International Finance Discussion Papers' no. 589, Board of Governors of the Federal Reserve System, Washington DC.
    • (1997)
    • Engel, C.1    Hendrickson, M.K.2    Rogers, J.H.3
  • 112
    • 0000013567 scopus 로고
    • Cointegration and Error Correction: Representation, Estimation, and Testing
    • Engle, R. F. and C. W. J. Granger (1987) 'Cointegration and Error Correction: Representation, Estimation, and Testing', Econometrica, vol. 55, pp. 251-76.
    • (1987) Econometrica , vol.55 , pp. 251-276
    • Engle, R.F.1    Granger, C.W.J.2
  • 113
    • 0000758080 scopus 로고
    • Testing Purchasing Power Parity under the Null Hypothesis of Co-Integration
    • Fisher, E. and J. Park (1991) 'Testing Purchasing Power Parity under the Null Hypothesis of Co-Integration', Economic Journal, vol. 52, pp. 1476-84.
    • (1991) Economic Journal , vol.52 , pp. 1476-1484
    • Fisher, E.1    Park, J.2
  • 114
    • 0000212649 scopus 로고
    • Explanation of Exchange Rate Volatility and Other Empirical Regularities in Some Popular Models of Foreign Exchange Market
    • Flood, R. P. (1981) 'Explanation of Exchange Rate Volatility and Other Empirical Regularities in Some Popular Models of Foreign Exchange Market,' Carnegie-Rochester Conference Series on Public Policy, vol. 15, pp. 219-50.
    • (1981) Carnegie-Rochester Conference Series on Public Policy , vol.15 , pp. 219-250
    • Flood, R.P.1
  • 116
    • 0002214578 scopus 로고
    • International Capital Mobility and Crowding Out in the U.S. Economy: Imperfect Integration of Financial Markets or Goods Markets?
    • ed. R. Hafer, Massachusetts: Lexington Books
    • Frankel, J. A. (1986) 'International Capital Mobility and Crowding Out in the U.S. Economy: Imperfect Integration of Financial Markets or Goods Markets?', in How Open is the US Economy, ed. R. Hafer, pp. 33-67. Massachusetts: Lexington Books.
    • (1986) How Open is the US Economy , pp. 33-67
    • Frankel, J.A.1
  • 117
    • 0000793682 scopus 로고
    • Zen and the Art of Modern Macroeconomics: A Commentary
    • eds W. S. Haraf and T. D. Willett, Washington, DC: American Enterprise Institute for Public Policy Research
    • Frankel, J. A. (1990) 'Zen and the Art of Modern Macroeconomics: A Commentary', in Monetary Policy for a Volatile Global Economy, eds W. S. Haraf and T. D. Willett, pp. 117-23. Washington, DC: American Enterprise Institute for Public Policy Research.
    • (1990) Monetary Policy for a Volatile Global Economy , pp. 117-123
    • Frankel, J.A.1
  • 119
    • 84987553696 scopus 로고
    • Deviations from Purchasing Power Parity
    • Fung, H. G. and W. C. Lo (1992) 'Deviations from Purchasing Power Parity', The Financial Review, vol. 27, pp. 553-70.
    • (1992) The Financial Review , vol.27 , pp. 553-570
    • Fung, H.G.1    Lo, W.C.2
  • 120
    • 0001297993 scopus 로고
    • Purchasing Power Parity as an Explanation of Long Term Changes in Exchange Rates
    • Gaillot, H. J. (1970) 'Purchasing Power Parity as an Explanation of Long Term Changes in Exchange Rates', Journal of Money, Credit and Banking, vol. 2, pp. 348-57.
    • (1970) Journal of Money, Credit and Banking , vol.2 , pp. 348-357
    • Gaillot, H.J.1
  • 121
    • 0002083197 scopus 로고
    • Pricing in International Markets: Lessons from
    • NBER Working Paper Series, no. 4806, National Bureau of Economic Research, Cambridge, Massachusetts
    • Ghosh, A. R. and Wolf, H. C. (1994) 'Pricing in International Markets: Lessons from The Economist', NBER Working Paper Series, no. 4806, National Bureau of Economic Research, Cambridge, Massachusetts.
    • (1994) The Economist
    • Ghosh, A.R.1    Wolf, H.C.2
  • 122
    • 0000570969 scopus 로고
    • Real Exchange Rates in the Short, Medium and Long Run
    • Glen, J. D. (1992) 'Real Exchange Rates in the Short, Medium and Long Run', Journal of International Economics, vol. 33, pp. 147-66.
    • (1992) Journal of International Economics , vol.33 , pp. 147-166
    • Glen, J.D.1
  • 123
    • 44949280178 scopus 로고
    • Nominal Exchange Rate Regimes and the Real Exchange Rate: Evidence for the United States and Great Britain, 1885-86
    • Grilli, V. and G. Kaminsky (1991) 'Nominal Exchange Rate Regimes and the Real Exchange Rate: Evidence for the United States and Great Britain, 1885-86', Journal of Monetary Economics, vol. 27, pp. 191-212.
    • (1991) Journal of Monetary Economics , vol.27 , pp. 191-212
    • Grilli, V.1    Kaminsky, G.2
  • 124
    • 0040629610 scopus 로고    scopus 로고
    • Does Purchasing Power Parity Hold after All? Evidence from a Robust Test
    • Guimaraes-Filho, R. F. (1999) 'Does Purchasing Power Parity Hold after All? Evidence from a Robust Test', Applied Financial Economics, vol. 9, pp. 167-72.
    • (1999) Applied Financial Economics , vol.9 , pp. 167-172
    • Guimaraes-Filho, R.F.1
  • 125
    • 33749587436 scopus 로고
    • A Reexamination of Purchasing Power Parity
    • Hakkio, C. (1984) 'A Reexamination of Purchasing Power Parity', Journal of International Economics, vol. 17, pp. 265-77.
    • (1984) Journal of International Economics , vol.17 , pp. 265-277
    • Hakkio, C.1
  • 126
    • 0003793230 scopus 로고    scopus 로고
    • Purchasing Power Parity: Three Stakes through the Heart of the Unit Root Null
    • Staff Reports no. 80, Federal Reserve Bank of New York, New York
    • Higgins, M. and E. Zakrajsek (1999) 'Purchasing Power Parity: Three Stakes through the Heart of the Unit Root Null', Staff Reports no. 80, Federal Reserve Bank of New York, New York.
    • (1999)
    • Higgins, M.1    Zakrajsek, E.2
  • 127
    • 84974082784 scopus 로고
    • Testing for Cointegration when Some of the Cointegrating Vectors are Prespecified
    • Horvath, M. T. K. and M. W. Watson (1995) 'Testing for Cointegration when Some of the Cointegrating Vectors are Prespecified', Econometric Theory, vol. 11, pp. 952-84.
    • (1995) Econometric Theory , vol.11 , pp. 952-984
    • Horvath, M.T.K.1    Watson, M.W.2
  • 128
    • 0000158117 scopus 로고
    • Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models
    • Johansen, S. (1991) 'Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models', Econometrica, vol. 59, pp. 1551-80.
    • (1991) Econometrica , vol.59 , pp. 1551-1580
    • Johansen, S.1
  • 132
    • 77956282690 scopus 로고    scopus 로고
    • The Long-Run Value of Currencies: A Big Mac Perspective
    • paper presented to the 30th Annual Conference of Economists, the Economic Society of Australia, Perth
    • Lan, Y. (2001) 'The Long-Run Value of Currencies: A Big Mac Perspective', paper presented to the 30th Annual Conference of Economists, the Economic Society of Australia, Perth.
    • (2001)
    • Lan, Y.1
  • 133
    • 31744447112 scopus 로고    scopus 로고
    • The Explosion of Purchasing Power Parity
    • ed. M. Manzur, Cheltenham, UK, and Northampton, USA: Edward Elgar Publishing
    • Lan, Y. (2002) 'The Explosion of Purchasing Power Parity', in Exchange Rates, Interest Rates and Commodity Prices, ed. M. Manzur, pp. 9-39. Cheltenham, UK, and Northampton, USA: Edward Elgar Publishing.
    • (2002) Exchange Rates, Interest Rates and Commodity Prices , pp. 9-39
    • Lan, Y.1
  • 134
    • 0033145442 scopus 로고    scopus 로고
    • Purchasing Power Parity and Dynamic Error Correction: Evidence from Asia Pacific Economies
    • Lee, D. Y. (1999) 'Purchasing Power Parity and Dynamic Error Correction: Evidence from Asia Pacific Economies', International Review of Economics and Finance, vol. 8, pp. 199-212.
    • (1999) International Review of Economics and Finance , vol.8 , pp. 199-212
    • Lee, D.Y.1
  • 135
    • 0033407245 scopus 로고    scopus 로고
    • Testing Symmetry and Proportionality in PPP: A Panel-Data Approach
    • Li, K. (1999) 'Testing Symmetry and Proportionality in PPP: A Panel-Data Approach', Journal of Business and Economic Statistics, vol. 17, pp. 409-18.
    • (1999) Journal of Business and Economic Statistics , vol.17 , pp. 409-418
    • Li, K.1
  • 136
    • 0030480824 scopus 로고    scopus 로고
    • Real Exchange Rate Behavior: The Recent Float from the Perspective of the Past Two Centuries
    • Lothian, J. R. and M. P. Taylor (1996) 'Real Exchange Rate Behavior: The Recent Float from the Perspective of the Past Two Centuries', Journal of Political Economy, vol. 104, pp. 488-510.
    • (1996) Journal of Political Economy , vol.104 , pp. 488-510
    • Lothian, J.R.1    Taylor, M.P.2
  • 137
    • 0034418666 scopus 로고    scopus 로고
    • Real Exchange Rate Behavior: Evidence from Black Markets
    • Luintel, K. B. (2000) 'Real Exchange Rate Behavior: Evidence from Black Markets', Journal of Applied Econometrics, vol. 15, pp. 161-85.
    • (2000) Journal of Applied Econometrics , vol.15 , pp. 161-185
    • Luintel, K.B.1
  • 138
    • 84855215887 scopus 로고    scopus 로고
    • Introduction: Equilibrium Exchange Rates
    • eds R. MacDonald and J. L. Stein, Boston/Dordrecht/London: Kluwer Academic Publishers
    • MacDonald, R. and J. L. Stein (1999) 'Introduction: Equilibrium Exchange Rates', in Equilibrium Exchange Rates, eds R. MacDonald and J. L. Stein, pp. 1-17. Boston/Dordrecht/London: Kluwer Academic Publishers.
    • (1999) Equilibrium Exchange Rates , pp. 1-17
    • MacDonald, R.1    Stein, J.L.2
  • 139
    • 0346816323 scopus 로고    scopus 로고
    • Econometric Methods and Purchasing Power Parity: Short- and Long-Run PPP
    • Maeso-Fernández, F. (1998) 'Econometric Methods and Purchasing Power Parity: Short- and Long-Run PPP', Applied Economics, vol. 30, pp. 1443-57.
    • (1998) Applied Economics , vol.30 , pp. 1443-1457
    • Maeso-Fernández, F.1
  • 141
    • 0001244268 scopus 로고
    • Real Exchange Rates in the Long Run: An Empirical Investigation
    • Mark, N. (1990) 'Real Exchange Rates in the Long Run: An Empirical Investigation', Journal of International Economics, vol. 28, pp. 115-36.
    • (1990) Journal of International Economics , vol.28 , pp. 115-136
    • Mark, N.1
  • 142
    • 0000017295 scopus 로고    scopus 로고
    • Transaction Costs and Non-Linear Adjustments in Real Exchange Rates: An Empirical Investigation
    • Michael, P., A. Nobay and D. Peel (1997) 'Transaction Costs and Non-Linear Adjustments in Real Exchange Rates: An Empirical Investigation', Journal of Political Economy, vol. 105, pp. 862-79.
    • (1997) Journal of Political Economy , vol.105 , pp. 862-879
    • Michael, P.1    Nobay, A.2    Peel, D.3
  • 143
    • 0002236192 scopus 로고
    • A Model of Exchange Rate Dynamics
    • Mussa, M. (1982) 'A Model of Exchange Rate Dynamics,' Journal of Political Economy, vol. 90, pp. 74-104.
    • (1982) Journal of Political Economy , vol.90 , pp. 74-104
    • Mussa, M.1
  • 144
    • 0042273578 scopus 로고
    • Nominal Exchange Rate Regimes and the Behavior of Real Exchange Rates: Evidence and Implications
    • Mussa, M. (1986) 'Nominal Exchange Rate Regimes and the Behavior of Real Exchange Rates: Evidence and Implications', Carnegie-Rochester Conference Series on Public Policy, vol. 25, pp. 117-213.
    • (1986) Carnegie-Rochester Conference Series on Public Policy , vol.25 , pp. 117-213
    • Mussa, M.1
  • 145
    • 0042806633 scopus 로고    scopus 로고
    • Does the Long-Run PPP Hypothesis Hold for Africa? Evidence from Panel Co-Integration Study
    • IMF Working Paper no. 98/123, International Monetary Fund, Washington, DC
    • Nagayasu, J. (1998) 'Does the Long-Run PPP Hypothesis Hold for Africa? Evidence from Panel Co-Integration Study', IMF Working Paper no. 98/123, International Monetary Fund, Washington, DC.
    • (1998)
    • Nagayasu, J.1
  • 146
    • 0348246070 scopus 로고    scopus 로고
    • The Overvaluation of Purchasing Power Parity
    • O'Connell, P. G. J. (1998) 'The Overvaluation of Purchasing Power Parity', Journal of International Economics, vol. 44, pp. 1-19.
    • (1998) Journal of International Economics , vol.44 , pp. 1-19
    • O'Connell, P.G.J.1
  • 147
    • 0031537236 scopus 로고    scopus 로고
    • Burgernomics: The Economics of the Big Mac Standard
    • Ong, L. L. (1997) 'Burgernomics: The Economics of the Big Mac Standard', Journal of International Money and Finance, vol. 16, pp. 865-78.
    • (1997) Journal of International Money and Finance , vol.16 , pp. 865-878
    • Ong, L.L.1
  • 149
    • 0034066267 scopus 로고    scopus 로고
    • Professors and Hamburgers: An International Comparison of Real Academic Salaries
    • Ong, L. L. and J. D. Mitchell (2000) 'Professors and Hamburgers: An International Comparison of Real Academic Salaries', Applied Economics, vol. 32, pp. 869-76.
    • (2000) Applied Economics , vol.32 , pp. 869-876
    • Ong, L.L.1    Mitchell, J.D.2
  • 151
    • 0010130401 scopus 로고    scopus 로고
    • Searching for Stationarity: Purchasing Power Parity under the Current Float
    • Papell, D. H. (1997) 'Searching for Stationarity: Purchasing Power Parity under the Current Float', Journal of International Economics, vol. 43, pp. 313-32.
    • (1997) Journal of International Economics , vol.43 , pp. 313-332
    • Papell, D.H.1
  • 152
    • 0032545906 scopus 로고    scopus 로고
    • Increasing Evidence of Purchasing Power Parity over the Current Float
    • Papell, D. H. and H. Theodoridis (1998) 'Increasing Evidence of Purchasing Power Parity over the Current Float', Journal of International Money and Finance, vol. 17, pp. 41-50.
    • (1998) Journal of International Money and Finance , vol.17 , pp. 41-50
    • Papell, D.H.1    Theodoridis, H.2
  • 153
    • 0039444368 scopus 로고    scopus 로고
    • Purchasing Power Parity in the Long Run and Structural Breaks: Evidence from Real Sterling Exchange Rates
    • Parkes, A. L. H. and A. Savvides (1999) 'Purchasing Power Parity in the Long Run and Structural Breaks: Evidence from Real Sterling Exchange Rates', Applied Financial Economics, vol. 9, pp. 117-27.
    • (1999) Applied Financial Economics , vol.9 , pp. 117-127
    • Parkes, A.L.H.1    Savvides, A.2
  • 154
    • 84986408996 scopus 로고
    • Purchasing Power Parity as a Long-Run Relation
    • Patel, J. (1990) 'Purchasing Power Parity as a Long-Run Relation', Journal of Applied Econometrics, vol. 5, pp. 367-79.
    • (1990) Journal of Applied Econometrics , vol.5 , pp. 367-379
    • Patel, J.1
  • 155
    • 0000248987 scopus 로고
    • Does the Real Exchange Rate Follow a Random Walk? The Pacific Basin Perspective
    • Phylaktis, K. and Y. Kassimatis (1994) 'Does the Real Exchange Rate Follow a Random Walk? The Pacific Basin Perspective', Journal of International Money and Finance, vol. 13, pp. 476-95.
    • (1994) Journal of International Money and Finance , vol.13 , pp. 476-495
    • Phylaktis, K.1    Kassimatis, Y.2
  • 156
    • 0011023660 scopus 로고
    • Real Shocks and Real Exchange Rates in Really Long-Term Data
    • International Finance Discussion Papers, no. 493, Board of Governors of the Federal Reserve System, Washington, DC
    • Rogers, J. H. (1995) 'Real Shocks and Real Exchange Rates in Really Long-Term Data', International Finance Discussion Papers, no. 493, Board of Governors of the Federal Reserve System, Washington, DC.
    • (1995)
    • Rogers, J.H.1
  • 157
    • 0141701432 scopus 로고    scopus 로고
    • Dornbusch's Overshooting Model after Twenty-Five Years
    • IMF Working Paper no. 02/39, International Monetary Fund, Washington, DC
    • Rogoff, K. (2002) 'Dornbusch's Overshooting Model after Twenty-Five Years', IMF Working Paper no. 02/39, International Monetary Fund, Washington, DC.
    • (2002)
    • Rogoff, K.1
  • 159
    • 0034385761 scopus 로고    scopus 로고
    • Real Exchange Rate Behaviour in the Middle East: A Re-examination
    • Sarno, L. (2000) 'Real Exchange Rate Behaviour in the Middle East: A Re-examination', Economics Letters, vol. 66, pp. 127-36.
    • (2000) Economics Letters , vol.66 , pp. 127-136
    • Sarno, L.1
  • 161
    • 0032462524 scopus 로고    scopus 로고
    • The Behavior of Real Exchange Rates during the Post-Bretton Woods Period
    • Taylor, M. P. and L. Sarno (1998) 'The Behavior of Real Exchange Rates during the Post-Bretton Woods Period', Journal of International Economics, vol. 46, pp. 281-312.
    • (1998) Journal of International Economics , vol.46 , pp. 281-312
    • Taylor, M.P.1    Sarno, L.2
  • 162
    • 0003854610 scopus 로고
    • Purchasing Power Disparity during the Floating Rate Period: Exchange Rate Volatility and Trade Barriers
    • NBER Working Paper Series, no. 5032, National Bureau of Economic Research, Cambridge, Massachusetts
    • Wei, S. and D. Parsley (1995) 'Purchasing Power Disparity during the Floating Rate Period: Exchange Rate Volatility and Trade Barriers', NBER Working Paper Series, no. 5032, National Bureau of Economic Research, Cambridge, Massachusetts.
    • (1995)
    • Wei, S.1    Parsley, D.2
  • 163
    • 0032840616 scopus 로고    scopus 로고
    • Are Real Exchange Rates Stationary Based on Panel Unit-Root Tests? Evidence from Pacific Basin Countries
    • Wu, J. L. and S. L. Chen (1999) 'Are Real Exchange Rates Stationary Based on Panel Unit-Root Tests? Evidence from Pacific Basin Countries', International Journal of Finance and Economics, vol. 4, pp. 243-52.
    • (1999) International Journal of Finance and Economics , vol.4 , pp. 243-252
    • Wu, J.L.1    Chen, S.L.2
  • 164
    • 0002473702 scopus 로고
    • Major Influences on the Australian Dollar Exchange Rate
    • Proceedings of a Conference held at the H.C. Coombs Centre for Financial Studies, Kirribilli
    • Blundell-Wignall, A., J. Fahrer and A. Heath (1993) 'Major Influences on the Australian Dollar Exchange Rate', The Exchange Rate, International Trade and the Balance of Payments, Proceedings of a Conference held at the H.C. Coombs Centre for Financial Studies, Kirribilli.
    • (1993) The Exchange Rate, International Trade and the Balance of Payments
    • Blundell-Wignall, A.1    Fahrer, J.2    Heath, A.3
  • 165
    • 0001243701 scopus 로고
    • Exchange Rates, Money, and Relative Prices: The Dollar-Pound in the 1920s
    • Clements, K. W. and J. A. Frenkel (1980) 'Exchange Rates, Money, and Relative Prices: The Dollar-Pound in the 1920s', Journal of International Economics, vol. 10, pp. 249-62.
    • (1980) Journal of International Economics , vol.10 , pp. 249-262
    • Clements, K.W.1    Frenkel, J.A.2
  • 166
    • 0001165653 scopus 로고
    • A Re-assessment of the Relationship between Real Exchange Rates and Real Interest Rates: 1974-90
    • Edison, H. J. and B. D. Pauls (1993) 'A Re-assessment of the Relationship between Real Exchange Rates and Real Interest Rates: 1974-90', Journal of Monetary Economics, vol. 31, pp. 165-87.
    • (1993) Journal of Monetary Economics , vol.31 , pp. 165-187
    • Edison, H.J.1    Pauls, B.D.2
  • 167
    • 0030462091 scopus 로고    scopus 로고
    • A Panel Project on Purchasing Power Parity: Mean Reversion within and between Countries
    • Frankel, J. A. and A. Rose (1996) 'A Panel Project on Purchasing Power Parity: Mean Reversion within and between Countries', Journal of International Economics, vol. 40, pp. 209-24.
    • (1996) Journal of International Economics , vol.40 , pp. 209-224
    • Frankel, J.A.1    Rose, A.2
  • 168
    • 0038971098 scopus 로고
    • Is there a Currency Bloc in the Pacific?
    • ed. Adrian Blundert Wignall, Sydney: Reserve Bank of Australia
    • Frankel, J. A. and S. J. Wei (1993) 'Is there a Currency Bloc in the Pacific?', in Exchange Rates, International Trade and the Balance of Payments, ed. Adrian Blundert Wignall, pp. 275-308. Sydney: Reserve Bank of Australia.
    • (1993) Exchange Rates, International Trade and the Balance of Payments , pp. 275-308
    • Frankel, J.A.1    Wei, S.J.2
  • 169
    • 0011028535 scopus 로고
    • Is a Yen Bloc Emerging?
    • ed. R. Rich, Washington, DC: Korea Economic Institute of America
    • Frankel, J. A. and S. J. Wei (1995) 'Is a Yen Bloc Emerging?', in Economic Cooperation and Challenges in the Pacific, ed. R. Rich, pp. 145-75. Washington, DC: Korea Economic Institute of America.
    • (1995) Economic Cooperation and Challenges in the Pacific , pp. 145-175
    • Frankel, J.A.1    Wei, S.J.2
  • 170
    • 77957239083 scopus 로고
    • Perspectives on PPP and Long-Run Real Exchange Rates
    • eds G. Grossman and K. Rogoff, Amsterdam: North-Holland
    • Froot, K. A. and K. Rogoff (1995) 'Perspectives on PPP and Long-Run Real Exchange Rates', in Handbook of International Economics, eds G. Grossman and K. Rogoff, vol. 3, pp. 1647-88. Amsterdam: North-Holland.
    • (1995) Handbook of International Economics , vol.3 , pp. 1647-1688
    • Froot, K.A.1    Rogoff, K.2
  • 171
    • 0002083197 scopus 로고
    • Pricing in International Markets: Lessons from The Economist
    • NBER Working Paper Series, no. 4806, National Bureau of Economic Research, Cambridge, Massachusetts
    • Ghosh, A. R. and H. C. Wolf (1994) 'Pricing in International Markets: Lessons from The Economist', NBER Working Paper Series, no. 4806, National Bureau of Economic Research, Cambridge, Massachusetts.
    • (1994)
    • Ghosh, A.R.1    Wolf, H.C.2
  • 172
    • 33749587436 scopus 로고
    • A Re-Examination of Purchasing Power Parity: A Multi-Country and Multi-Period Study
    • Hakkio, C. S. (1984) 'A Re-Examination of Purchasing Power Parity: A Multi-Country and Multi-Period Study,' Journal of International Economics, vol. 17, pp. 265-77.
    • (1984) Journal of International Economics , vol.17 , pp. 265-277
    • Hakkio, C.S.1
  • 173
    • 0004252169 scopus 로고
    • London: Palgrave Macmillan
    • Keynes, J. M. (1930), A Treatise on Money, vol. 1. London: Palgrave Macmillan.
    • (1930) A Treatise on Money , vol.1
    • Keynes, J.M.1
  • 174
    • 84996948106 scopus 로고    scopus 로고
    • Tokyo: Look Japan Ltd
    • Look Japan, vol. 40, no. 459. Tokyo: Look Japan Ltd.
    • Look Japan , vol.40 , Issue.459
  • 175
    • 0001837550 scopus 로고
    • The Purchasing-Power-Parity Theory of Exchange Rates: A Review Article
    • Officer, L. H. (1976) 'The Purchasing-Power-Parity Theory of Exchange Rates: A Review Article', IMF Staff Papers, no. 23, pp. 1-60.
    • (1976) IMF Staff Papers , Issue.23 , pp. 1-60
    • Officer, L.H.1
  • 176
    • 0030163302 scopus 로고    scopus 로고
    • Purchasing Power Parity and Unit Root Tests Using Panel Data
    • Oh, K. Y. (1996) 'Purchasing Power Parity and Unit Root Tests Using Panel Data', Journal of International Money and Finance, vol. 15, pp. 405-18.
    • (1996) Journal of International Money and Finance , vol.15 , pp. 405-418
    • Oh, K.Y.1
  • 177
    • 0003888424 scopus 로고    scopus 로고
    • various issues
    • The Economist, various issues.
    • The Economist
  • 178
    • 0012797658 scopus 로고    scopus 로고
    • Forecasting Exchange Rates on the Hamburger Standard: What You See is What You Get with McParity
    • NBER Working Paper Series, no. 5675, National Bureau of Economic Research, Cambridge, Massachusetts
    • Cumby, R. (1996) 'Forecasting Exchange Rates on the Hamburger Standard: What You See is What You Get with McParity', NBER Working Paper Series, no. 5675, National Bureau of Economic Research, Cambridge, Massachusetts.
    • (1996)
    • Cumby, R.1
  • 179
  • 181
    • 0003989256 scopus 로고    scopus 로고
    • 26 August 1995; 12 April
    • The Economist, 26 August 1995; 12 April 1997.
    • (1997) The Economist
  • 182
    • 0141970441 scopus 로고    scopus 로고
    • The CBR Advisory Board Comments on: CEO Pay, Global Chaos, and a Possible Retreat from Benefits
    • Bennett, L. (1996) 'The CBR Advisory Board Comments on: CEO Pay, Global Chaos, and a Possible Retreat from Benefits', Compensation and Benefits Review, vol. 28, pp. 58-65.
    • (1996) Compensation and Benefits Review , vol.28 , pp. 58-65
    • Bennett, L.1
  • 183
    • 84996934749 scopus 로고
    • Mission: Fill That Overseas Vacancy
    • Delia-Loyle, D. (1992) 'Mission: Fill That Overseas Vacancy', Global Trade, vol. 112, p. 38.
    • (1992) Global Trade , vol.112 , pp. 38
    • Delia-Loyle, D.1
  • 184
    • 84937317519 scopus 로고
    • Labour Costs and the Social Dumping Debate in the European Union
    • Erickson, C. L. and S. Kuruvilla (1994) 'Labour Costs and the Social Dumping Debate in the European Union', Industrial and Labour Relations Review, vol. 48, pp. 28-47.
    • (1994) Industrial and Labour Relations Review , vol.48 , pp. 28-47
    • Erickson, C.L.1    Kuruvilla, S.2
  • 186
    • 84996631262 scopus 로고
    • On the Move: The Changing Structure of the Singapore Labour Market
    • Asia Research Centre, Murdoch University, Western Australia
    • Lewis, P. E. T. (1993) 'On the Move: The Changing Structure of the Singapore Labour Market', Asia Research Centre, Murdoch University, Western Australia.
    • (1993)
    • Lewis, P.E.T.1
  • 187
    • 84996933904 scopus 로고    scopus 로고
    • Temporary Movements of Professional Labour in East and South East Asia
    • Lewis, P. E. T. (1997) 'Temporary Movements of Professional Labour in East and South East Asia', Asia Pacific Journal of Economics and Business, vol. 1, pp. 24-40.
    • (1997) Asia Pacific Journal of Economics and Business , vol.1 , pp. 24-40
    • Lewis, P.E.T.1
  • 188
    • 45549121614 scopus 로고
    • On the Mechanics of Economic Development
    • Lucas, R. E. (1988) 'On the Mechanics of Economic Development', Journal of Monetary Economics, vol. 22, pp. 3-42.
    • (1988) Journal of Monetary Economics , vol.22 , pp. 3-42
    • Lucas, R.E.1
  • 189
    • 0027034170 scopus 로고
    • Migration of Highly Educated Asians and Global Dynamics
    • Ong, P. M., L. Cheng and L. Evans (1992) 'Migration of Highly Educated Asians and Global Dynamics', Asian and Pacific Migration Journal, vol. 1, pp. 543-67.
    • (1992) Asian and Pacific Migration Journal , vol.1 , pp. 543-567
    • Ong, P.M.1    Cheng, L.2    Evans, L.3
  • 190
    • 84965409749 scopus 로고
    • Labour Productivity and Unit Labour Costs in Manufacturing: The UK and Its Competitors
    • Oulton, N. (1994) 'Labour Productivity and Unit Labour Costs in Manufacturing: The UK and Its Competitors', National Institute Economic Review, no. 148, pp. 48-60.
    • (1994) National Institute Economic Review , Issue.148 , pp. 48-60
    • Oulton, N.1
  • 191
    • 0002595145 scopus 로고
    • International Migration of Highly Skilled Manpower: Theoretical and Development Issues
    • ed. R. J. Appleyard, Paris: OECD
    • Salt, J. and A. Findlay (1989) 'International Migration of Highly Skilled Manpower: Theoretical and Development Issues', in The Impact of International Migration on Developing Countries, ed. R. J. Appleyard, pp. 159-80. Paris: OECD.
    • (1989) The Impact of International Migration on Developing Countries , pp. 159-180
    • Salt, J.1    Findlay, A.2
  • 193
    • 0346678506 scopus 로고
    • Global Payroll - A Taxing Problem
    • Stuart, P. (1991) 'Global Payroll - A Taxing Problem', Personnel Journal, vol. 10, pp. 80-90.
    • (1991) Personnel Journal , vol.10 , pp. 80-90
    • Stuart, P.1
  • 194
    • 0010190465 scopus 로고    scopus 로고
    • Not So Good
    • March-April 1997
    • Academe (1997) 'Not So Good', March-April 1997, pp. 12-88.
    • (1997) Academe , pp. 12-88
  • 195
    • 84996735502 scopus 로고    scopus 로고
    • Survey of Academic Salaries and Conditions of Service
    • (1998)
    • ACT (1998) 'Survey of Academic Salaries and Conditions of Service', Association of Commonwealth Universities, http://www.acu.ac.uk/chems/.
    • (1998) Association of Commonwealth Universities
  • 196
    • 84996845831 scopus 로고    scopus 로고
    • Scandalous Pay Levels in Higher Education
    • News Release, Association of University Teachers, 22 January 1998, 1998
    • AUT (1998) 'Scandalous Pay Levels in Higher Education', News Release, Association of University Teachers, 22 January 1998, http://www.aut.org.uk/press98/pr98004.html, 1998.
    • (1998)
  • 197
    • 12944254839 scopus 로고    scopus 로고
    • A Tense Year for Contract Negotiations
    • 3 March 1998
    • CAUT (1998) 'A Tense Year for Contract Negotiations', CAUT Bulletin ACPPU, 3 March 1998.
    • (1998) CAUT Bulletin ACPPU
  • 198
    • 12944293418 scopus 로고
    • Labour Relations in Hungary: Managerial Implications for Western Investors
    • Chelminski, P. and J. K. S. Chong (1993) 'Labour Relations in Hungary: Managerial Implications for Western Investors', Management Research News, vol. 16, pp. 19-24.
    • (1993) Management Research News , vol.16 , pp. 19-24
    • Chelminski, P.1    Chong, J.K.S.2
  • 199
    • 0010950234 scopus 로고
    • The Three Faces of the International Comparison Project
    • Kravis, I. B. (1986) 'The Three Faces of the International Comparison Project', Research Observer, vol. 1, pp. 3-26.
    • (1986) Research Observer , vol.1 , pp. 3-26
    • Kravis, I.B.1
  • 200
    • 12944273875 scopus 로고    scopus 로고
    • Big Mac and Wages to Go, Please: Comparing the Purchasing Power of Earnings abound the World
    • Ong, L. L. (1998) 'Big Mac and Wages to Go, Please: Comparing the Purchasing Power of Earnings abound the World', Australian Journal of Labor Economics, vol. 2, pp. 53-68.
    • (1998) Australian Journal of Labor Economics , vol.2 , pp. 53-68
    • Ong, L.L.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.