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Long-Run PPP May Not Hold After All

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  • Charles Engel

Abstract

Recent tests using long data series find evidence in favor of long-run PPP (by rejecting either the null hypothesis of unit roots in real exchange rates and relative prices.)

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Bibliographic Info

Paper provided by University of Washington, Department of Economics in its series Working Papers with number 0050.

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Date of creation: Nov 1998
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Handle: RePEc:udb:wpaper:0050

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References

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  8. Engel, Charles, 1993. "Real exchange rates and relative prices : An empirical investigation," Journal of Monetary Economics, Elsevier, vol. 32(1), pages 35-50, August.
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