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- W1994760275 abstract "This paper tests purchasing power parity (PPP) as a long-run equilibrium condition by examining the long-run relationshiop between exchange rates and wholesale price indices using cointegration tests. This paper avoids some of the problems of previous cointegration tests of PPP by using more precise data pretests and by not imposing a priori restrictions upon the cointegrating vector. Of the nine combinations of Swiss exchange rates and price indices examined, cointegration is detected in seven cases thus supporting PPP as a long-run equilibrium. (JEL F31, C32)" @default.
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- W1994760275 date "1993-02-01" @default.
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- W1994760275 title "Cointegration tests of purchasing power parity: the case of Swiss exchange rates" @default.
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- W1994760275 doi "https://doi.org/10.1016/0261-5606(93)90009-z" @default.
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