Chapter 32 Perspectives on PPP and long-run real exchange rates

Co-Integration and Error Correction: Representation, Estimation, and Testing

1987 • 30,456 citations

Distribution of the Estimators for Autoregressive Time Series with a Unit Root

1979 • 20,919 citations

Statistical analysis of cointegration vectors

1988 • 16,501 citations

Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models

1991 • 11,052 citations

The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis

1989 • 7,573 citations

Expectations and Exchange Rate Dynamics

1976 • 4,751 citations

Empirical exchange rate models of the seventies

1983 • 4,141 citations

The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1988

1991 • 3,336 citations

Foundations of International Macroeconomics

1997 • 3,316 citations

The Purchasing-Power Parity Doctrine: A Reappraisal

1964 • 3,240 citations

Time Series Regression with a Unit Root

1987 • 2,905 citations

Trends and random walks in macroeconomic time series

1988 • 2,527 citations

Theoretical Notes on Trade Problems

1964 • 2,444 citations

Exchange Rate Dynamics Redux

1995 • 2,107 citations

Testing structural hypotheses in a multivariate cointegration analysis of the PPP and the UIP for UK

1992 • 1,729 citations

Essays in Positive Economics

1954 • 1,328 citations

The Case for Flexible Exchange Rates

1996 • 1,213 citations

How Wide is the Border?

1995 • 983 citations

Real Exchange Rate Behavior: The Recent Float from the Perspective of the Past Two Centuries

1996 • 917 citations

Nominal exchange rate regimes and the behavior of real exchange rates: Evidence and implications

1986 • 884 citations

EXPLORING EQUILIBRIUM RELATIONSHIPS IN ECONOMETRICS THROUGH STATIC MODELS: SOME MONTE CARLO EVIDENCE^*

1986 • 810 citations

Purchasing Power Parity in the Long Run

1990 • 792 citations

Was It Real? The Exchange Rate‐Interest Differential Relation over the Modern Floating‐Rate Period

1988 • 750 citations

Tastes and technology in a two-country model of the business cycle: Explaining international

1995 • 740 citations

NBER Macroeconomics Annual 1990

1992 • 735 citations

A panel project on purchasing power parity: Mean reversion within and between countries

1996 • 705 citations

Price Discrimination by U.S. and German Exporters

1989 • 617 citations

How Far Can We Push The "Law of One Price"?

1976 • 606 citations

Essays in Persuasion

1932 • 598 citations

The Persistence of Volatility and Stock Market Fluctuations

1986 • 596 citations

Estimating equilibrium exchange rates

1995 • 595 citations

Cointegration: how short is the long run?

1991 • 586 citations

Pricing to market in Japanese manufacturing

1990 • 583 citations

Performing Arts: The Economic Dilemma

1967 • 577 citations

Exchange rates and traded goods prices

1988 • 575 citations

International evidence on tradables and nontradables inflation

1994 • 567 citations

Exchange Rate Pass-Through When Market Share Matters

1989 • 519 citations

An empirical examination of long-run purchasing power parity using cointegration techniques

1988 • 508 citations

A Fractional Cointegration Analysis of Purchasing Power Parity

1993 • 506 citations

Deviations from Purchasing Power Parity in the Long Run

1983 • 456 citations

The collapse of purchasing power parities during the 1970's

1981 • 456 citations

Real Exchange Rates under the Gold Standard

1991 • 427 citations

Real and nominal exchange rates in the long run: An empirical investigation

1990 • 427 citations

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

1987 • 422 citations

Real-Financial Linkages Among Open Economies

1987 • 421 citations

National Saving and Economic Performance

1991 • 401 citations

Cointegration and Tests of Purchasing Power Parity

1988 • 368 citations

Purchasing Power Parity in the Long Run: A Cointegration Approach

1990 • 342 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

Long-run purchasing power parity during the recent float

1993 • 314 citations

QUANTIFYING INTERNATIONAL CAPITAL MOBILITY IN THE 1980s

2003 • 268 citations

Arima and Cointegration Tests of PPP under Fixed and Flexible Exchange Rate Regimes

1988 • 256 citations

The determination of the real exchange rate

1982 • 256 citations

National price levels, purchasing power parity, and cointegration: a test of four high inflation economies

1989 • 254 citations

Purchasing power parity and exchange rates

1978 • 251 citations

Nominal exchange rate regimes and the real exchange rate

1991 • 237 citations

A System of International Comparisons of Gross Product and Purchasing Power

1976 • 235 citations

Purchasing Power Parity in the Long Run: A Test of the Dollar/Pound Exchange Rate (1890-1978)

1987 • 225 citations

The Balassa‐Samuelson Model: A General‐Equilibrium Appraisal*

1994 • 224 citations

Sources of Fluctuations in Real and Nominal Exchange Rates

1992 • 223 citations

Haircuts or hysteresis? Sources of movements in real exchange rates

1995 • 222 citations

Real exchange rates and relative prices

1993 • 206 citations

Long-run purchasing power parity in the 1920s

1988 • 196 citations

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

1992 • 184 citations

Money and Foreign Exchange after 1914.

1923 • 176 citations

Adjustment costs and pricing-to-market theory and evidence

1992 • 175 citations

International finance and trade

1979 • 168 citations

Multivariate Cointegration Analysis and the Long-Run Validity of PPP

1993 • 165 citations

A re-examination of purchasing power parity

1984 • 163 citations

A Fractional Cointegration Analysis of Purchasing Power Parity

1993 • 160 citations

An International Standard for Monetary Stabilization

1986 • 154 citations

Testing Purchasing Power Parity under the Null Hypothesis of Co-Integration

1991 • 134 citations

Real Exchange Rates and Productivity Growth in the United States and Japan

1986 • 133 citations

Prices and Wages in England from the Twelfth to the Nineteenth Century.

1940 • 119 citations

Money and foreign exchange after 1914

1922 • 112 citations

National Price Levels and the Prices of Tradables and Nontradables

1988 • 109 citations

A quantitative reassessment of the purchasing power parity hypothesis: Evidence from Norway and the United Kingdom

1987 • 108 citations

Mean reversion in real exchange rates

1994 • 107 citations

Terms of Trade, Productivity, and the Real Exchange Rate

1994 • 106 citations

Government spending, the balance of trade and the terms of trade in British history

1987 • 90 citations

Robustness of Equilibrium Exchange Rate Calculations to Alternative Assumptions and Methodologies

1994 • 87 citations

The Behavior of Nontradable‐Goods Prices In Europe: Evidence and Interpretation*

1994 • 85 citations

Monetary policy for a volatile global economy

1991 • 85 citations

The Productivity Bias in Purchasing Power Parity: An Econometric Investigation (Le biais de la productivite dans la parite des pouvoirs d'achat: etude econometrique) (El sesgo de productividad en la paridad del poder adquisitivo: Una investigacion econometrica)

1976 • 82 citations

Economic performance under price stability

1992 • 80 citations

The New Palgrave dictionary

2008 • 79 citations

Purchasing Power Disparity During the Floating Rate Period: Exchange Rate Volatility, Trade Barriers and Other Culprits

1995 • 78 citations

Pricing in International Markets: Lessons From The Economist

1994 • 77 citations

Purchasing Power Parity Did Not Collapse during the 1970's

1985 • 72 citations

Movements in Purchasing Power Parity: The Short and Long Runs

1983 • 71 citations

Asymptotic Expansions in Nonstationary Vector Autoregressions

1987 • 66 citations

The international transmission of inflation

1984 • 65 citations

Tests of long-run Purchasing Power Parity using alternative methodologies

1993 • 64 citations

PURCHASING POWER PARITY

2017 • 63 citations

The EMS, the EMU, and the Transition to a Common Currency

1991 • 63 citations

Co-Integration, Error and Purchasing Power Parity between Canada and the United States

1990 • 58 citations

Just How Misleading are Official Exchange Rate Conversions? A Comment

1973 • 53 citations

The Responses of U.S. Firms to Exchange Rate Fluctuations: Piercing the Corporate Veil

1993 • 52 citations

Social Wants and Dismal Science: The Curious Case of the Climbing Costs of Health and Teaching

2003 • 48 citations

The predictability of real exchange rate changes in the short and long run

1991 • 41 citations

Robustness of Equilibrium Exchange Rate Calculations to Alternative Assumptions and Methodologies

1994 • 41 citations

Purchasing power parity in the major EMS countries: The role of price and exchange rate adjustment

1993 • 39 citations

Inference in Cointegrated Models Using VAR Prewhitening to Estimate Shortrun Dynamics

1991 • 39 citations

The Balassa-Samuelson Model: A General Equilibrium Appraisal

1994 • 36 citations

Silver: The Restless Metal

1983 • 32 citations

Exchange Rates and Prices: An Empirical Analysis

1994 • 30 citations

Government Consumption and the Real Exchange Rate: The Empirical Evidence

1992 • 26 citations

Equilibrium exchange rates

2007 • 24 citations

An International Comparison of National Products and the Purchasing Power of Currencies. A Study of the United States, the United Kingdom, France, Germany and Italy

1956 • 24 citations

Is real exchange rate variability caused by relative price changes? An empirical investigation

1991 • 20 citations

A survey of recent empirical tests of the purchasing power parity hypothesis

2013 • 14 citations

Understanding the Empirical Literature on Purchasing Power Parity: The Post-Bretton Woods Era

1994 • 12 citations

Purchasing power parity

1999 • 11 citations

Aggregate price indexes, cointegration, and tests of the purchasing power parity hypothesis

1991 • 9 citations

Testing for Cointegration When Some of the Contributing Vectors are Known

1994 • 8 citations

Haircuts or Hysteresis? Sources of Movements in Real Exchange Rates

1993 • 5 citations

An International Comparison of National Products and the Purchasing Power of Currencies; A Study of the United States, the United Kingdom, France, Germany and Italy

1953 • 4 citations