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- W2019278315 abstract "We use Dickey-Fuller tests, threshold autoregressive unit-root tests, median unbiased estimators, and cointegration tests for I(1) and I(2) variables to examine the validity of Purchasing Power Parity (PPP). The within-sample tests generally lead to the rejection of long-run PPP. Long-term out-of-sample forecasts assuming various forms of long-run PPP are not especially better than those assuming that real rates contain a unit-root. We show that no one method emerges as the “best” in the sense that it provides the smallest out-of-sample forecast errors." @default.
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- W2019278315 title "Threshold-autoregressive, median-unbiased, and cointegration tests of purchasing power parity" @default.
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- W2019278315 doi "https://doi.org/10.1016/s0169-2070(98)00025-9" @default.
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