Arbeitspapier
Discrepancies between Purchasing Power Parities and Exchange Rates under the Law of One Price: A Puzzle (partly) Explained?
European Comparison Project data (years 1999-2008) are used for an estimation of cross-country systems (AIDS) of consumer demand functions defined over durable and non-durable tradable goods and non-tradable services. General exchange equilibrium models of inter-EU trade generate equalized relative prices of tradable goods. But domestic relative prices of services become more dispersed and can move the PPP/ER ratios away from unity. PPP/ER discrepancies may be sustained even when there are no impediments to free trade.
- Sprache
-
Englisch
- Erschienen in
-
Series: wiiw Working Paper ; No. 69
- Klassifikation
-
Wirtschaft
Neoclassical Models of Trade
Economic Integration
Consumer Economics: Empirical Analysis
Computable and Other Applied General Equilibrium Models
Foreign Exchange
Comparative Studies of Countries
- Thema
-
Purchasing Power Parity
exchange rate
PPP/ER discrepancy
Law of One Price
Balassa-Samuelson Effect
trade integration
computable general equilibrium
cross-country systems of demand functions
Almost Ideal Demand System
tradable goods
non-tradable goods
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Podkaminer, Leon
- Ereignis
-
Veröffentlichung
- (wer)
-
The Vienna Institute for International Economic Studies (wiiw)
- (wo)
-
Vienna
- (wann)
-
2010
- 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
- Podkaminer, Leon
- The Vienna Institute for International Economic Studies (wiiw)
Entstanden
- 2010
Ähnliche Objekte (12)
The purchasing power parity puzzle: An update
Discrepancies in lacustrine bacterial lipid temperature reconstructions explained by microbial ecology
Reduced vagal tone in intimate partner violence perpetrators is partly explained by anger rumination
The excess volatility puzzle explained by financial noise amplification from endogenous feedbacks
Expected discrepancies
The partly parametric and partly nonparametric additive risk model
Purchasing ponies
Multi-color discrepancies
Liberal-conservative asymmetries in anti-democratic tendencies are partly explained by psychological differences in a nationally representative U.S. sample
Chapter XV. Purchasing.
Sustainable Purchasing Decisions
Sequences, discrepancies and applications
The purchasing power parity puzzle: An update
Discrepancies in lacustrine bacterial lipid temperature reconstructions explained by microbial ecology
Reduced vagal tone in intimate partner violence perpetrators is partly explained by anger rumination
The excess volatility puzzle explained by financial noise amplification from endogenous feedbacks
Expected discrepancies
The partly parametric and partly nonparametric additive risk model
Purchasing ponies
Multi-color discrepancies
Liberal-conservative asymmetries in anti-democratic tendencies are partly explained by psychological differences in a nationally representative U.S. sample
Chapter XV. Purchasing.
Sustainable Purchasing Decisions
Sequences, discrepancies and applications
The purchasing power parity puzzle: An update
Discrepancies in lacustrine bacterial lipid temperature reconstructions explained by microbial ecology
Reduced vagal tone in intimate partner violence perpetrators is partly explained by anger rumination
The excess volatility puzzle explained by financial noise amplification from endogenous feedbacks
Expected discrepancies
The partly parametric and partly nonparametric additive risk model
Purchasing ponies
Multi-color discrepancies
Liberal-conservative asymmetries in anti-democratic tendencies are partly explained by psychological differences in a nationally representative U.S. sample
Chapter XV. Purchasing.
Sustainable Purchasing Decisions