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| DC Field | Value | Language |
|---|---|---|
| dc.creator | Fischer, Christoph | - |
| dc.date | 2004 | - |
| dc.date.accessioned | 2013-10-16T07:05:10Z | - |
| dc.date.available | 2013-10-16T07:05:10Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/19474 | - |
| dc.identifier | ppn:385183461 | - |
| dc.identifier | RePEc:zbw:bubdp1:1820 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19474 | - |
| dc.description | By disaggregating price indices, it becomes apparent that the real exchange rate consists of the real exchange rate for a single good and a weighted sum of relative prices between goods. When applying a battery of panel unit root tests to this sum and its components, it is found that both the sum and the relative prices are non-stationary. This implies that PPP is invalid even if the LOP holds for all goods. The findings contrast with the result from panel unit root tests that real exchange rates as a whole are stationary. Several suggestions for solving the conflict are discussed. | - |
| dc.language | eng | - |
| dc.relation | Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2004,07 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | C33 | - |
| dc.subject | F31 | - |
| dc.subject | ddc:330 | - |
| dc.subject | purchasing power parity | - |
| dc.subject | real exchange rate | - |
| dc.subject | panel unit root tests | - |
| dc.subject | Kaufkraftparität | - |
| dc.subject | Preisindex | - |
| dc.subject | Aggregation | - |
| dc.subject | Schätzung | - |
| dc.subject | Theorie | - |
| dc.subject | OECD-Staaten | - |
| dc.title | PPP: a Disaggregated View | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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