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Long-Run PPP May Not Hold After All

  • Charles Engel

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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Paper provided by Department of Economics at the University of Washington in its series Discussion Papers in Economics at the University of Washington with number 0050.

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Date of creation: Nov 1998
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Handle: RePEc:fth:washer:0050
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