Purchasing Power Parity Revisited
AbstractThis paper presents a selective survey on some recent empirical attempts to test the validity of Purchasing Power Parity (PPP) to explain exchange-rate movements in the main currencies, as well as the econometric methodology used in such tests. Finally, we offer some encouraging results regarding the forecastability of exchange rate using PPP.
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Bibliographic InfoPaper provided by FEDEA in its series Working Papers with number 2003-20.
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