Paya, Ivan (contributor); Peel, David (contributor) - 2006
papers published which suggest that purchasing power deviations (PPP) can be
parsimoniously described by a nonlinear … empirical applications of the recent theoretical analysis of purchasing
power deviations (see e.g., Dixit, 1989; Dumas, 1992 … nonlinear adjustment of the real exchange rate to
purchasing power parity. Whilst globally mean reverting this nonlinear process …