Dimitriou, Dimitrios; Simos, Theodore - In: Japan and the World Economy 28 (2013) C, pp. 53-59
In this work we empirically assess the weak and strong forms of purchasing power parity (PPP) hypothesis for the economies of Japan and US. Monthly data for the, traded-goods price indices and the JPY/USD exchange rate are employed for the, period from January 2000 to October 2012. This period...