IMF Staff Papers, Volume 50, No. 3 /

This paper analyzes the issue of purchasing power parity using real effective exchange rate (REER) data for 20 industrial countries in the post-Bretton Woods period. The serial correlation-robust median-unbiased estimator yields a cross-country average of half-lives of deviations from parity of abou...

詳細記述

書誌詳細
第一著者: Flood, Robert
フォーマット: 雑誌
言語:English
出版事項: Washington, D.C. : International Monetary Fund, 2003.
シリーズ:IMF Staff Papers; IMF Staff Papers ; No. 2003/003
オンライン・アクセス:Full text available on IMF
LEADER 01544cas a2200241 a 4500
001 AALejournalIMF012759
008 230101c9999 xx r poo 0 0eng d
020 |c 15.00 USD 
020 |z 9781589062030 
022 |a 1020-7635 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Flood, Robert. 
245 1 0 |a IMF Staff Papers, Volume 50, No. 3 /  |c Robert Flood. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2003. 
300 |a 1 online resource (204 pages) 
490 1 |a IMF Staff Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper analyzes the issue of purchasing power parity using real effective exchange rate (REER) data for 20 industrial countries in the post-Bretton Woods period. The serial correlation-robust median-unbiased estimator yields a cross-country average of half-lives of deviations from parity of about eight years, with the REER of several countries displaying permanent deviations from parity. The paper analyzes integration of Africa into world trade. The high-yield spread as a predictor of real economic activity is also examined. 
538 |a Mode of access: Internet 
830 0 |a IMF Staff Papers; IMF Staff Papers ;  |v No. 2003/003 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/024/2003/003/024.2003.issue-003-en.xml  |z IMF e-Library