Amara, Jomana; Papell, David - In: Applied Financial Economics 16 (2006) 1-2, pp. 29-39
Purchasing Power Parity is tested for in post-Bretton Woods real exchange rate data from 20 developed countries using univariate tests and covariate augmented versions of the Augmented Dickey-Fuller (CADF) and feasible point optimal (CPT) unit root tests. The covariates are a combination of...