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A Review of PPP-Adjusted GDP Estimation and its Potential Use for the Fund's Operational Purposes

Wagner, Nancy L. - 1995

the construction of PPP indices, with particular emphasis on the PPP-based estimates of GDP used in the Fund’s World … Economic Outlook and the World Bank’s World Development Report, and examines some of the issues associated with the use of such …

Persistent link: https://www.econbiz.de/10014398687

A Framework for Price Statistics

Zieschang, Kimberly D. - 2000

statistics—the Producer Price Index (PPI), the Consumer Price Index (CPI), and the Export and Import Price Indices (XPI and MPI …

Persistent link: https://www.econbiz.de/10014399800

The Difference Between Hedonic Imputation Indexes and Time Dummy Hedonic Indexes

Heravi, Saeed - 2006

approaches for alternative implementations of the Törnqvist ""superlative"" index. It shows why the results may differ and …

Persistent link: https://www.econbiz.de/10014401978

Methodologies of Price Indices in Transition Countries

Zieschang, Kimberly D. - 1995

price measurement and index compilation for the countries that have emerged from the former Soviet Union. These are …

Persistent link: https://www.econbiz.de/10014395908

Dread of Depreciation : Measuring Real Exchange Rate Interventions

Dutta, Jayasri - 2002

We specify an empirical framework to detect the effects of official intervention on real exchange rate dynamics. Using data for 27 advanced and emerging market economies, we find evidence that interventions are a near-universal practice; almost all countries intervene when real exchange rates...

Persistent link: https://www.econbiz.de/10014401310

Financial Liberalization, Structural Change, and Real Exchange Rate Appreciations

Meza, Felipe - 2010

We account for the appreciation of the real exchange rate in Mexico between 1988 and 2002 using a two sector dynamic general equilibrium model of a small open economy with two driving forces: (i) differential productivity growth across sectors and (ii) a decline in the cost of borrowing in...

Persistent link: https://www.econbiz.de/10014402822

Long-Run Exchange Rate Dynamics : A Panel Data Study

Habermeier, Karl Friedrich - 1999

Long-run movements of real exchange rates are studied using a panel data set comprising 51 economies. The purchasing power parity hypothesis (PPP) is examined first using unit root tests. It is found that PPP does not hold for the full sample of countries, but it may hold for the advanced...

Persistent link: https://www.econbiz.de/10014403431

Real and Nominal Exchange Rates in the Long Run

Adams, Charles - 1991

This paper decomposes longer-run movements in (major) dollar real exchange rates into components associated with changes in nominal exchange rates and price levels, and their comovements. Though the decompositions suggest some permanent movements, they imply that there are large transitory...

Persistent link: https://www.econbiz.de/10014398349

Real Exchange Rates and Commodity Prices

Dupont, Dominique Yves - 1996

multi-country model, with world market clearing, which incorporates speculative and non-speculative demands for inventories … matters, and that supply and demand elasticities are important in determining the commodity price in world markets above and … beyond the size of the share of those commodities in world trade …

Persistent link: https://www.econbiz.de/10014398636

Parity Reversion in Real Exchange Rates : Fast, Slow or Not At All?

McDermott, C. John - 2004

Consensus estimates put the half-life of deviations from purchasing power parity (PPP) at about four years (Rogoff, 1996). However, conventional least squares estimates of half-lives are biased downward. Accordingly, as a preferred measure of the persistence of real exchange rate shocks, this...

Persistent link: https://www.econbiz.de/10014404094

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