Purchasing power parity in Mexico since 1933

Artikel

A new approach to cointegration developed by Enders et al. (Cointegration tests using instrumental variables with an example of the U.K. demand for money. Unpublished working paper. http://wenders.people.ua.edu/time-series-methods.html, 2008) is applied to long-span, high-frequency data to test for purchasing power parity in the Mexico-US real exchange rate. Overall the empirical results suggest that purchasing power parity (PPP) holds for the study period. The evidence for PPP is stronger when structural breaks are allowed in the real exchange rate.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Latin American Economic Review ; ISSN: 2196-436X ; Volume: 26 ; Year: 2017 ; Issue: 1 ; Pages: 1-18 ; Heidelberg: Springer

Classification and Topics

• Classification: Wirtschaft ; Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes ; International Finance: General
• Subject: Purchasing power parity ; Real exchange rate ; Cointegration

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Wallace, Frederick H.
• Event: Veröffentlichung
• (who): Springer
• (where): Heidelberg
• (when): 2017

Further information

• DOI: doi:10.1007/s40503-017-0042-9
• Handle: http://hdl.handle.net/10419/195241
• Last update: 10.03.2025, 11:43 AM CET