An Unbiased Appraisal of Purchasing Power Parity /
Univariate studies of the hypothesis of unit roots in real exchange rates have yielded consensus point estimates of the half-life of deviations from purchasing power parity of between three to five years. However, least squares-based estimates of half-lives are biased downward. Accordingly, we follo...
| Autor principal: | |
|---|---|
| Otros Autores: | |
| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2001.
|
| Colección: | IMF Working Papers; Working Paper ;
No. 2001/196 |
| Acceso en línea: | Full text available on IMF |