McDermott, C. John; Cashin, Paul - International Monetary Fund (IMF) - 2004
of the persistence of real exchange rate shocks, this study uses median-unbiased estimators of the half-life of … effective exchange rate data for 90 developed and developing countries in the post-Bretton Woods period. Support for PPP is … faster for countries with flexible nominal exchange rate regimes in comparison with countries having fixed nominal exchange …