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Purchasing power parity in Mexico since 1933
Título:
Purchasing power parity in Mexico since 1933
Autor:
Wallace, Frederick H.
Fecha de publicación:
2017-06-02
Resumen:
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 Unpublished working paper.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-seriesmethods.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.
La revista Latin American Economic Review autoriza a poner en acceso abierto de conformidad con las licencias CREATIVE COMMONS, aprobadas por el Consejo Académico Administrativo del CIDE, las cuales establecen los parámetros de difusión de las obras con fines no comerciales. Lo anterior sin perjuicio de los derechos morales que corresponden a los autores.
Acceso:
Acceso abierto
Tipo:
Artículo
Cita:
Wallace, Frederick H.. "Purchasing power parity in Mexico since 1933". Latin American Economic Review, volumen 26, número 1, junio de 2017. http://hdl.handle.net/11651/3233