Real exchange rates in the short, medium, and long run

EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*

1970 • 15,798 citations

Efficient Capital Markets: A Review of Theory and Empirical Work

1970 • 10,493 citations

Asset Prices in an Exchange Economy

1978 • 5,134 citations

Expectations and Exchange Rate Dynamics

1976 • 4,751 citations

Stock Market Prices Do Not Follow Random Walks: Evidence from a Simple Specification Test

1988 • 3,715 citations

Permanent and Temporary Components of Stock Prices

1988 • 3,149 citations

Theoretical Notes on Trade Problems

1964 • 2,444 citations

Forward Exchange Rates as Optimal Predictors of Future Spot Rates: An Econometric Analysis

1980 • 2,192 citations

Interest rates and currency prices in a two-country world

1982 • 1,337 citations

Purchasing Power Parity in the Long Run

1990 • 792 citations

Testing for Nonlinear Dependence in Daily Foreign Exchange Rates

1989 • 683 citations

The size and power of the variance ratio test in finite samples

1989 • 523 citations

Exchange Rate Theory and Practice

1984 • 506 citations

Flexible Exchange Rates, Prices, and the Role of "News": Lessons from the 1970s

1981 • 488 citations

Deviations from Purchasing Power Parity in the Long Run

1983 • 456 citations

Flexible Exchange Rates, Prices and the Role of ‘News’: Lessons from the 1970s

1982 • 446 citations

An empirical investigation of the long-run behavior of real exchange rates

1987 • 422 citations

A Theory of Exchange Rate Determination

1980 • 410 citations

Note on the Correlation of First Differences of Averages in a Random Chain

1960 • 408 citations

International Interest-Rate and Price-Level Linkages Under Flexible Exchange Rates: A Review of Recent Evidence

1982 • 379 citations

Are Real Interest Rates Equal Across Countries? An Empirical Investigation of International Parity Conditions

1984 • 326 citations

An Empirical Assessment of Non-Linearities in Models of Exchange Rate Determination

1991 • 321 citations

The Purchasing-Power-Parity Theory of Exchange Rates: A Review Article (Theorie de la parite des pouvoirs d'achat des taux de change: une etude) (La teoria de los tipos de cambio basados en la paridad del poder adquisitivo: Articulo de repaso)

1976 • 318 citations

The Theory of Trade in Middle Products

2017 • 308 citations

Empirical Modeling of Exchange Rate Dynamics

1988 • 294 citations

Purchasing Power Parity in the Long Run

1990 • 256 citations

Deviations from Purchasing Power Parity in the Long Run

1983 • 191 citations

Temporary Components of Stock Prices: A Skeptic's View

1993 • 187 citations

Does the exchange rate follow a random walk? A Monte Carlo study of four tests for a random walk

1986 • 156 citations

Currency prices, terms of trade, and interest rates: A general equilibrium asset-pricing cash-in-advance approach

1985 • 153 citations

An Equilibrium Model of Exchange Rate Determination and Asset Pricing with Nontraded Goods and Imperfect Information

1987 • 129 citations

Are Real Interest Rates Equal Across Countries? An Empirical Investigation of International Parity Conditions

1984 • 111 citations

Temporary Components of Stock Prices: A Skeptic's View

1993 • 103 citations

Empirical modeling of exchange rate dynamics

1989 • 73 citations

PURCHASING POWER PARITY

2017 • 63 citations

Pricing Physical Assets Internationally

1988 • 12 citations

Purchasing Power Parity

2008 • 6 citations

Pricing Physical Assets Internationally

1988 • 5 citations

Optimal variance ratio tests for serial dependence and a test for mean reversion

1989 • 1 citations