A Reappraisal of the Evidence on PPP: A Systematic Investigation into Ma Roots in Panel Unit Root Tests and Their Implications

56 Pages Posted: 8 Jun 2016

See all articles by Christoph A. Fischer

Christoph A. Fischer

Deutsche Bundesbank

Daniel Porath

University of Applied Sciences Mainz

Multiple version iconThere are 2 versions of this paper

Date Written: 2006

Abstract

Panel unit root tests of real exchange rates – as opposed to univariate tests – usually

Keywords: panel unit root test, purchasing power parity, real exchange rate, Monte Carlo simulation

JEL Classification: F31, C33

Suggested Citation

Fischer, Christoph A. and Porath, Daniel, A Reappraisal of the Evidence on PPP: A Systematic Investigation into Ma Roots in Panel Unit Root Tests and Their Implications (2006). Bundesbank Series 1 Discussion Paper No. 2006,23, Available at SSRN: https://ssrn.com/abstract=2785249 or http://dx.doi.org/10.2139/ssrn.2785249

Christoph A. Fischer (Contact Author)

Deutsche Bundesbank ( email )

Wilhelm-Epstein-Str. 14
Frankfurt/Main, 60431
Germany

Daniel Porath

University of Applied Sciences Mainz ( email )

An der Bruchspitze 50
Mainz 55122
Germany

HOME PAGE: http://www.fh-mainz.de/index.php?id=5726&lastArticle=4692&cHash=b12d1fc2e8#4692

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