dal Bianco, Marcos José - In: Estudios de Economía 35 (2008) 1, pp. 33-64
This paper tests the Purchasing Power Parity Theory of Exchange Rates dealing with Argentinean data for the period 1900 … theory is not verified in Argentina, since its RER appears as a non-stationary variable, and there is no evidence of …-stationary under structural breaks with a continuous real depreciation of the Argentinean currency, especially in the first half of XX …