Emirmahmutoglu, Furkan; Omay, Tolga - In: Economic Modelling 40 (2014) C, pp. 184-190
In this study, we re-examine the PPP hypothesis in the light of the new developments in the unit root testing literature. The recent theoretical findings have pointed out that the real exchange rate series exhibit asymmetric nonlinear behavior. A unit root test applied to analyze the PPP...