Testing the PPP hypothesis for G-7 countries
This article applies the model free, seasonality robust periodogram test, and the conventional augmented Dickey-Fuller (ADF) unit root test to the real exchange rates (RER) of the G-7 countries. The empirical results show that the periodogram test rejects the null of unit root for a larger number of countries compared to the ADF test.
Volume (Year): 16 (2009)
Issue (Month): 1 ()
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