Purchasing power parity and breaking trend functions in the real exchange rate
Borradores de Economía; No. 564
Date published
2009-05-15Date of last update
2009-05-15Document language
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
This paper provides evidence of long run purchasing power parity by performing a recently developed method to test for unit roots in the presence of structural breaks. Data consist of real exchange rate series for 20 countries including developed and deve
JEL Codes
C22 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion processesF31 - Foreign ExchangeF40 - Macroeconomic Aspects of International Trade and Finance: GeneralN70 - Transport, Trade, Energy, Technology, and Other Services: General, International, or Comparative
Keywords
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5581https://hdl.handle.net/20.500.12134/5581
https://doi.org/10.32468/be.564
https://ideas.repec.org/p/bdr/borrec/564.html
https://ideas.repec.org/p/col/000094/005521.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit
