Arbeitspapier
On Cross-Country Differences in the Persistence of Real Exchange Rates
Previous findings of long-run purchasing power parity come mainly from data for industrial countries, raising the issue of whether the results suffer sample-selection bias and exaggerate the general relevance of parity reversion. This study uncovers substantial cross-country heterogeneity in the persistence of deviations from parity. The results show that it is more likely, rather than less likely, to find parity reversion for developing countries than industrial countries. Although some persistence variations may partly reflect country differences in structural characteristics such as inflation experience and government spending, a considerable portion of those variations seems unaccounted for.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 218
- Klassifikation
-
Wirtschaft
- Thema
-
Parity deviations
cross-country persistence differences
structural deterterminants
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Cheung, Yin-Wong
Lai, Kon S.
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
1999
- Handle
- Letzte Aktualisierung
- 10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Cheung, Yin-Wong
- Lai, Kon S.
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 1999
Ähnliche Objekte (12)
Economic Policy Uncertainty: Persistence and Cross-Country Linkages
Cross-country differences in monetary policy transmission
Explaining cross-country differences in contact rates
Trade Openness and Cross-country Income Differences
Cross-country differences in monetary policy transmission
Informal institutions and cross-country income differences
Sectoral Okun's Law and Cross-Country Cyclical Differences
Cross-country differences in homeownership: A cultural phenomenon?
Firm-embedded productivity and cross-country income differences
Accounting for cross-country differences in intergenerational earnings persistence: The impact of taxation and public education expenditure
Accounting for cross-country differences in intergenerational earnings persistence: The impact of taxation and public education expenditure
Cross-country differences in the effects of oil shocks
Economic Policy Uncertainty: Persistence and Cross-Country Linkages
Cross-country differences in monetary policy transmission
Explaining cross-country differences in contact rates
Trade Openness and Cross-country Income Differences
Cross-country differences in monetary policy transmission
Informal institutions and cross-country income differences
Sectoral Okun's Law and Cross-Country Cyclical Differences
Cross-country differences in homeownership: A cultural phenomenon?
Firm-embedded productivity and cross-country income differences
Accounting for cross-country differences in intergenerational earnings persistence: The impact of taxation and public education expenditure
Accounting for cross-country differences in intergenerational earnings persistence: The impact of taxation and public education expenditure
Cross-country differences in the effects of oil shocks
Economic Policy Uncertainty: Persistence and Cross-Country Linkages
Cross-country differences in monetary policy transmission
Explaining cross-country differences in contact rates
Trade Openness and Cross-country Income Differences
Cross-country differences in monetary policy transmission
Informal institutions and cross-country income differences
Sectoral Okun's Law and Cross-Country Cyclical Differences
Cross-country differences in homeownership: A cultural phenomenon?
Firm-embedded productivity and cross-country income differences
Accounting for cross-country differences in intergenerational earnings persistence: The impact of taxation and public education expenditure
Accounting for cross-country differences in intergenerational earnings persistence: The impact of taxation and public education expenditure