(PPP) is embedded in latent disequilibrium factors, being extracted from a large set of bilateral price disparities; the … five OECD countries using monthly data show promising results, which reverse the common belief that PPP is at best a very …

Purchasing power parity (PPP) is one of the most important, but empirically controversial theories in international … macroeconomics. Although many researchers believe that some variant of PPP holds in the long run, there are diverse empirical results … regarding the PPP hypothesis. We examine the PPP hypothesis from an alternate point of view: We investigate the possibility of …

Existing studies generally reject purchasing power parity (PPP) on datasets from countries that have been affected by … large real shocks, including Norway. However, we offer strong evidence of PPP between Norway and its trading partners during … appears remarkably consistent with the PPP theory. Moreover, convergence towards PPP is relatively fast; the half-life of a …

This paper examines the PPP hypothesis analysing the behaviour of the real exchange rates vis-à-vis the US dollar for … with the relative version of PPP. …

other studies, introduces a bias against finding evidence of PPP. The bias is illustrated using unit root tests applied to …

of long-run purchasing power parity (PPP) in 14 transition countries, using monthly real effective exchange rates over … the period January 1994- June 2012. The empirical results indicate that PPP holds only in five countries (i.e., Cyprus …, Lithuania, Latvia, Poland, and Slovenia). Furthermore, we found that the adjustment toward PPP is nonlinear. …

, which validates PPP condition in absolute terms. These results are crucial to analyze the possible long run exchange effects …

This paper sheds light on the importance of the validity of PPP hypothesis for the accessing process of the candidate … reverting process (1.5 years on average). As a consequence, the evidence in favor of PPP hypothesis and the fast equilibrium …

(PPP) is embedded in latent disequilibrium factors, being extracted from a large set of bilateral price disparities; the … five OECD countries using monthly data show promising results, which reverse the common belief that PPP is at best a very …

Purchasing power parity (PPP) is one of the most important, but empirically controversial theories in international … macroeconomics. Although many researchers believe that some variant of PPP holds in the long run, there are diverse empirical results … regarding the PPP hypothesis. We examine the PPP hypothesis from an alternate point of view: We investigate the possibility of …