Half-Lives of Deviations from PPP : Contrasting Traded and Nontraded Components of Consumption Baskets

The paper examines the convergence question by contrasting the half-lives of deviations from purchasing power parity (PPP) across traded and nontraded goods in an exchange rate model with sticky prices. In particular, empirical results show that in most cases the half-lives of PPP deviations for traded goods are shorter than those for total consumption and for nontraded goods

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Year of publication:	2004
Authors:	Kim, Jaebeom
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Kaufkraftparität \| Purchasing power parity \| Nicht-handelbare Güter \| Non-tradables \| Handelbare Güter \| Tradables

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Extent:	1 Online-Ressource (7 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Review of International Economics, Vol. 12, pp. 162-168, February 2004
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014072854