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Author:Engel, C.
Title:Long-run PPP may not hold after all
Journal:Journal of International Economics
2000 : AUG, VOL. 51:2, p. 243-273
Index terms:Cointegration
Unit roots
Current purchasing power
Econometric models
Language:eng
Abstract:Using artifical data calibrated to nominal exchange rates and disaggregated data on prices, the author shows that tests on long-run purchasing power parity have serious size biases.
SCIMA record nr: 213495
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