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Purchasing Power Parity and Real Exchange Rates

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Absolute PPP
ADF Test
Bilateral Real Exchange Rates
Black Market Exchange Rates
Category=KCBM
cointegrating
Cointegrating Vector
currency misalignment
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
ESTAR Model
exchange rate modelling
Exponential Smooth Transition Autoregressive Model
Exponential Star
Fractional Cointegration
Gdp Deflator
GLS Detrending
Harrod Balassa Samuelson Effect
hypothesis
international finance
Linear VECM
Logistic Star
Long Run PPP
long-run equilibrium exchange rates
mean reversion analysis
nominal
nonlinear adjustment models
OLS Regression
panel
panel data econometrics
Panel Unit Root Tests
ppp
PPP Puzzle
PPP Study
Purchasing Power Parity Puzzle
Real Exchange Rate
Relative PPP
root
Star Model
tests
unit
Unit Root
Unit Root Tests
vector

Product details

  • ISBN 9780415639651
  • Weight: 420g
  • Dimensions: 210 x 280mm
  • Publication Date: 11 Jul 2013
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
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Description

The term Purchasing Power Parity may date from the early twentieth century, when it was coined by the Swedish economist Gustav Cassel, but the underlying concept had been enjoying varying degrees of success since its development in sixteenth century Spain. Even towards the end of the twentieth century, and especially since the breakdown of the Bretton Woods system of fixed exchange rates, PPP and the stability of real exchange rates continued to be the subject of academic debate.

This volume brings together essays covering aspects of current thinking on Purchasing Power Parity, from the various ways in which to test for its existence, to its appearance in different economies around the world, to examinations of the explanations given when PPP does not appear to hold

This book was published as a special issue of Applied Financial Economics. The academic editor of this journal is Mark P. Taylor.
About
Mark Taylor is a leading international authority on open economy macroeconomics and international finance. He is Professor of International Finance and Macroeconomics at Warwick and a Managing Director of Barclays Global Investors (BGI).