Similar Search Results

Testing for Purchasing Power Parity in Cointegrated Panels

Carlsson, Mikael; Lyhagen, Johan; Österholm, Pär - 2007

This paper applies the recently developed maximum-likelihood-panel cointegration method of Larsson and Lyhagen (2007) to test the strong PPP hypothesis during the recent oat period on data for the G7 countries. This method is robust in several important dimensions relative to previous methods,...

Persistent link: https://www.econbiz.de/10010321519

Purchasing power parity and the European single currency: some new evidence

Christidou, Maria; Panagiotidis, Theodore - 2010

The effect of the single currency on the Purchasing Power Parity (PPP) hypothesis is examined in this study for the 15 EU countries, vis a vis the US dollar, before and after the advent of the euro. Standard as well as nonlinear unit root tests are employed on the time series dimension. Unit...

Persistent link: https://www.econbiz.de/10010273678

PPP in OECD Countries: An Analysis of Real Exchange Rate Stationarity, Cross-sectional Dependency and Structural Breaks

Holmes, Mark J.; Otero, Jesús; Panagiotidis, Theodore - 2011

The stationarity of OECD real exchange rates over the period 1972-2008 is tested using a panel of twenty six member countries. The methodology followed stems from the need to meet several key concerns: (i) the identification of which panel members are stationary; (ii) the presence of...

Persistent link: https://www.econbiz.de/10010500197

Fiscal Sustainability in Emerging Market Countries with an Application to Ecuador

Alvarado, Carlos Díaz; Izquierdo, Alejandro; Panizza, Ugo - 2004

discussion, the paper uses Ecuador to illustrate an application of the probabilistic model, and of the framework to evaluate the …

Persistent link: https://www.econbiz.de/10010327194

Desigualdad y focalización geográfica del gasto social: El caso de Ecuador

Azevedo, Viviane; Robles, Marcos - 2008

Persistent link: https://www.econbiz.de/10010278206

The limits to dollarization in Ecuador: Lessons from Argentina

Bradbury, Mathew; Vernengo, Matías - 2008

The paper sheds light on the apparent success of dollarization in Ecuador. The experience of Argentina with …

Persistent link: https://www.econbiz.de/10010288102

The indigenous movement and the economic trajectory of Ecuador

Jameson, Kenneth P. - 2008

On many measures, the indigenous movement in Ecuador has been the most successful in Latin America. This is … since 2007 may marginalize them further. This paper examines Ecuador's checkered economic performance in the Washington … programs of the indigenous movement, specifically of CONAIE (Confederación de Nacionalidades Indígenas del Ecuador). This …

Persistent link: https://www.econbiz.de/10010288111

On the design of empirical stock-flow-consistent models

Zezza, Gennaro; Zezza, Francesco - 2019

relevant research question to be addressed. We illustrate our arguments with examples for Greece, Italy, and Ecuador. We also …

Persistent link: https://www.econbiz.de/10012142966

Remittances and the Dutch disease

Acosta, Pablo A.; Lartey, Emmanuel K. K.; Mandelman, … - 2009

Using data for El Salvador and Bayesian techniques, we develop and estimate a two-sector dynamic stochastic general equilibrium model to analyze the effects of remittances in emerging market economies. We find that, whether altruistically motivated or otherwise, an increase in remittance flows...

Persistent link: https://www.econbiz.de/10010292212

Cointegrated TFP processes and international business cycles

Rabanal, Pau; Rubio-Ramirez, Juan Francisco; Tuesta, Vicente - 2009

A puzzle in international macroeconomics is that observed real exchange rates are highly volatile. Standard international real business cycle (IRBC) models cannot reproduce this fact. We show that total factor productivity processes for the United States and the rest of the world are...

Persistent link: https://www.econbiz.de/10010292354