Ōgaki, Masao; Kim, Hyeongwoo - 2009
Purchasing Power Parity and the Taylor Rule
Hyeongwoo Kimy and Masao Ogakiz
April 2009
Ohio State University … real exchange rate. To obtain a more e cient estimator,
this paper develops a system method that combines the Taylor rule … Parity, Calvo Pricing, Taylor Rule, Half-Life of PPP Deviations,
Median Unbiased Estimator, Grid-t Con dence Interval
JEL …