Grossmann, Axel; Simpson, Marc; Ozuna, Teofilo - In: Journal of Economics and Finance 38 (2014) 2, pp. 235-268
This paper investigates the PPP-hypothesis over the post-Bretton Woods period using a representation of the equilibrium exchange rate (EER) that is an alternative to the real exchange rate. The results provide evidence in support of the relative-PPP hypothesis over the current period of floating...