Dées, Stéphane; Holly, Sean; Pesaran, M. Hashem; … - 2007
Parity,
Purchasing Power Parity, persistence profile, error variance decomposition
www …( e i;t+1) = ai6 + i6;t s I(0): (2.8)
The �rst relationship represents the purchasing power parity (PPP) modi�ed
to allow … Germany, France, Italy, Spain, Netherlands, Belgium,
Austria and Finland, using average Purchasing Power Parity GDP weights …