An Alternative Test of Purchasing Power Parity
The long-horizon approach of Fisher and Seater (1993) is applied to the data developed by Taylor (2002) to test for purchasing power parity (PPP). Even after accounting for the low power of the test, the evidence is generally supportive of PPP.
|Date of creation:||14 Feb 2005|
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|Note:||Type of Document - doc; pages: 12. 12 pages, MS Word (2003) file|
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