Despite the emerging consensus on the validity of purchasing power parity (PPP) between trading countries in the long … run, empirical evidence in favour of the PPP theory is scarce in data predominantly exposed to real shocks. This paper … tests for PPP between Norway and its trading partners using quarterly observations from the post Bretton Woods period, in …

Despite the emerging consensus on the validity of purchasing power parity (PPP) between trading countries in the long … run, empirical evidence in favour of the PPP theory is scarce in data predominantly exposed to real shocks. This paper … tests for PPP between Norway and its trading partners using quarterly observations from the post Bretton Woods period, in …

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 study examines nonlinear adjustment effects in the purchasing power parity (PPP) between South Africa and her main … nonlinear unit root and asymmetric cointegration analysis. Our empirical results show significant asymmetric PPP effects between …