Purchasing Power Parity and Real Exchange Rates Page 1 Real exchange rates and
Purchasing Power Parity: mean-reversion in economic thought Mark P. Taylor Department of …

Originally propounded by the sixteenth-century scholars of the University of Salamanca, the
concept of purchasing power parity (PPP) was revived in the interwar period in the context of …

This article has examined the role of environmental conditions and purchasing power parity
in deciding the quality of life among big Asian cities. The study has constructed an index for …

Recently, the large T panel literature has emphasized unobserved, time-varying
heterogeneity that may stem from omitted common variables or global shocks that affect …

We propose an empirical model for deviations from long-run purchasing power parity (PPP)
that simultaneously accounts for three key features:(i) adjustment toward PPP may occur via …

For the purposes of this research, the optimal MLP neural network topology has been
designed and tested by means the specific genetic algorithm multi-objective Pareto-Based …

There is a large literature that investigates whether or not real exchange rates are stationary
in an attempt to unravel support for purchasing power parity (PPP). At best, the empirical …

This paper illustrates analytically the effects of cross-unit cointegration using as an example
the conventional pooled least squares estimate in the spurious panel regression case. The …

How is it possible that exchange rates move in the long run towards fundamentals, while
professionals form consistently irrational exchange rate expectations? We look at this puzzle …

This paper assesses the impact on the Italian economy of Italy withdrawing from the euro
area by means of stochastic simulations of a macroeconometric model. The model considers …