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Análisis de la paridad del poder de compra: evidencia empírica entre México y Estados Unidos

Aguirre, Mario Gómez; Chávez, José Carlos A. Rodríguez - In: Estudios Económicos 27 (2012) 1, pp. 169-207

This paper analyzes evidence on Purchasing Power Parity between Mexico and the United States, as well as the causal link between relative prices and exchange rate (1957-2010). We use a unit root test that allows for two structural changes and two tests of causality. The results indicate that the...

Persistent link: https://www.econbiz.de/10010905957

La paridad del poder de compra: una revisión crítica

Gómez, Mario - In: Revista Nicolaita de Estudios Económicos IV (2009) 2, pp. 89-112

This paper makes an analysis of the literature on the international purchasing power parity (PPP). One explanation for not fulfilling the PPC is the Harrod-Balassa- Samuelson effect, as well as the presence of a structural change in the economy. The literature reveals that empirical results in...

Persistent link: https://www.econbiz.de/10008509695

Exchange Rates and Monetary Measures

Koèenda, Evžen; Valachy, Juraj - In: Czech Journal of Economics and Finance (Finance a uver) 50 (2000) 9, pp. 503-511

The paper analyzes the impact that certain administrative measures of monetary authorities have on exchange rates. Using the Perron test, the authors test for the existence of structural change in the development of exchange rates in Central and Eastern European countries. The dates when...

Persistent link: https://www.econbiz.de/10008495858

Detecting Structural Breaks: Exchange Rates in Transition Economies

Kocenda, Evzen - Center for Economic Research and Graduate Education and … - 1999

The aim of this paper is to provide evidence about the existence or non-existence of structural breaks in exchange rates of European transition economies. We used the testing procedure of Vogelsang (1997) that allows for detecting a break at an unknown date in the trend function of a dynamic...

Persistent link: https://www.econbiz.de/10005738158

Detecting Structural Breaks: Exchange Rates in Transition Economies

Kocenda, Evzen - EconWPA - 2001

The aim of this paper is to provide evidence about the existence or non- existence of structural breaks in exchange rates of European transition economies. We used the testing procedure of Vogelsang (1997) that allows for detecting a break at an unknown date in the trend function of a dynamic...

Persistent link: https://www.econbiz.de/10005556048

MODELLING THE WORLD EXCHANGE RATES:DYNAMICS, VOLATILITY AND FORECASTING

Nwaobi, Godwin - Volkswirtschaftliche Fakultät, … - 2008

Indeed, the specification of equilibrium in the world economy depends on the exchange rate regime and thus, the early … foreign exchange markets. However, the world has known several exchange rate systems beginning with the fixed-gold standard … exchange was deregulated, independent traders finally had access to the biggest trading market of the world; and these forex …

Persistent link: https://www.econbiz.de/10005619306

Assessing the adequacy of measures of Australia’s price competitiveness and structural change

Harding, Don - Volkswirtschaftliche Fakultät, … - 2001

There are a plethora of measures of Australia’s international price competitiveness. This article provides a practitioners guide to those series. The currently available measures of international price competitiveness are found to be deficient. A theoretically sound measure is suggested and...

Persistent link: https://www.econbiz.de/10005837197

Transaction costs, structural change, and the integration of international financial markets: cointegration between interest rates and price indexes in ten OECD countries, 1980-200...

Ghali, Khalifa H.; Eid, Musaed Ben - In: Applied Econometrics and International Development 6 (2006) 3

This paper argues that conventional tests of financial market integration may be misleading because they neglect to consider two important issues: (i) testing the existence of transaction costs and (ii) testing the existence of structural change. While the existence of transaction costs may...

Persistent link: https://www.econbiz.de/10005063022

Covariate unit root tests under structural change and asymmetric STAR dynamics

Tsong, Ching-Chuan; Wu, Chien-Wei; Chiu, Hsien-Hung; … - In: Economic Modelling 33 (2013) C, pp. 101-112

In this paper, we intend to develop a new unit root testing procedure. The novelty of this methodology includes (1) accommodating possible trend breaks of unknown number, unknown dates, and unknown form by employing the Fourier form without directly estimating such breaks; (2) considering...

Persistent link: https://www.econbiz.de/10010737999

Structural Change in Current Account and Real Exchange Rate Dynamics: Evidence from the G7 Countries

Shibamoto, Masahiko; Kitano, Shigeto - Research Institute for Economics and Business … - 2010

Lee and Chinn (2006) and Chinn and Lee (2009) decomposed current account and real exchange rate into temporary and permanent shocks and argued that a temporary shock creates the combination of a current account surplus (deficit) and real exchange rate depreciation (appreciation). This paper...

Persistent link: https://www.econbiz.de/10008643894

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