Long-run PPP may not hold after all

Testing for a unit root in time series regression

1988 • 17,004 citations

A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix

1987 • 15,268 citations

Testing the null hypothesis of stationarity against the alternative of a unit root

1992 • 11,969 citations

Trends and random walks in macroeconmic time series

1982 • 4,673 citations

Heteroskedasticity and Autocorrelation Consistent Covariance Matrix Estimation

1991 • 4,036 citations

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

1991 • 3,336 citations

The Purchasing-Power Parity Doctrine: A Reappraisal

1964 • 3,240 citations

The Purchasing Power Parity Puzzle

1996 • 3,100 citations

Theoretical Notes on Trade Problems

1964 • 2,444 citations

Unit Root Tests in ARMA Models with Data-Dependent Methods for the Selection of the Truncation Lag

1995 • 1,517 citations

How Big Is the Random Walk in GNP?

1988 • 1,326 citations

THE POWER OF COINTEGRATION TESTS

1992 • 1,322 citations

The overvaluation of purchasing power parity

1998 • 1,243 citations

Exchange rates and fundamentals: Evidence on long-horizon predictability

1995 • 1,120 citations

An Improved Heteroskedasticity and Autocorrelation Consistent Covariance Matrix Estimator

1992 • 1,119 citations

The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1987

1991 • 1,089 citations

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

1996 • 917 citations

British historical statistics

1988 • 839 citations

Purchasing Power Parity in the Long Run

1990 • 792 citations

British historical statistics

1989 • 765 citations

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

1995 • 740 citations

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

1996 • 705 citations

Effects of model specification on tests for unit roots in macroeconomic data

1987 • 670 citations

Tests for Unit Roots: A Monte Carlo Investigation

1989 • 640 citations

Useful Modifications to some Unit Root Tests with Dependent Errors and their Local Asymptotic Properties

1996 • 608 citations

Nonlinear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited

1997 • 589 citations

Integration Versus Trend Stationary in Time Series

1992 • 521 citations

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

1988 • 508 citations

Unit Root Tests in ARMA Models with Data-Dependent Methods for the Selection of the Truncation Lag

1995 • 473 citations

Accounting for U.S. Real Exchange Rate Changes

1999 • 451 citations

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

1990 • 427 citations

Banking on currency forecasts: How predictable is change in money?

1995 • 394 citations

Rethinking the Univariate Approach to Unit Root Testing: Using Covariates to Increase Power

1995 • 358 citations

Purchasing Power Parity in the Long Run: A Cointegration Approach

1990 • 342 citations

A critique of the application of unit root tests

1991 • 318 citations

Long-run purchasing power parity during the recent float

1993 • 314 citations

A Consistent Test for a Unit Root

1994 • 266 citations

Cointegration and models of exchange rate determination

1987 • 266 citations

Unit roots in real GNP: Do we know, and do we care?

1990 • 257 citations

Purchasing Power Parity in the Long Run

1990 • 256 citations

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

1987 • 225 citations

Haircuts or hysteresis? Sources of movements in real exchange rates

1995 • 222 citations

Real exchange rates and relative prices

1993 • 206 citations

Testing for Cointegration When Some of the Cointegrating Vectors are Prespecified

1995 • 201 citations

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

1992 • 184 citations

The relationship between power and level for generic unit root tests in finite samples

1992 • 179 citations

Purchasing power parity as a long‐run relation

1990 • 161 citations

Understanding the empirical literature on purchasing power parity: the post-Bretton Woods era

1997 • 147 citations

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

1991 • 134 citations

A Consistent Test for a Unit Root

1994 • 118 citations

Real exchange-rate prediction over long horizons

1997 • 116 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

The Long-Run U.S./U.K. Real Exchange Rate

1999 • 105 citations

Is there trend reversion in purchasing power parity?

1991 • 98 citations

Near Observational Equivalence and Theoretical size Problems with Unit Root Tests

1996 • 62 citations

Nearly redundant parameters and measures of persistence in economic time series

1988 • 38 citations

Real Shocks and Real Exchange Rates in Really Long-Term Data

1995 • 37 citations

Real and Nominal Exchange Rates in the Long Run

1991 • 35 citations

Intranational, Intracontinental, and Intraplanetary PPP

1997 • 31 citations

Intra-National, Intra-Continental, and Intra-Planetary PPP

1997 • 31 citations

Further Investigation of the Uncertain Unit Root in GNP

1997 • 30 citations

Testing for Cointegration When Some of the Contributing Vectors are Known

1994 • 24 citations

The Power of Single Equation Tests for Cointegration When the Cointegrating Vector is Prespecified

1997 • 8 citations

Are We Sure That the Real Exchange Rate Follows a Random Walk? A Reexamination

1994 • 7 citations