Purchasing Power Parity And The Real Exchange Rate
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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 concep
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We examine the mean-reverting properties of real exchange rates, by comparing the unit root properties of a group of international real exchange rates with two
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This book presents an extensive survey of the theory and empirics of international parity conditions which are critical to our understanding of the linkages bet
