IMF Staff Papers, Volume 50, No. 3

IMF Staff Papers, Volume 50, No. 3
This paper analyzes the issue of purchasing power parity using real effective exchange rate (REER) data for 20 industrial countries in the post-Bretton Woods period. The serial correlation-robust median-unbiased estimator yields a cross-country average of half-lives of deviations from parity of about eight years, with the REER of several... READ MORE...

Publication date: November 2003
ISBN 9781589062030
$25.00

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