IMF Staff Papers, Volume 50, No. 3 /
This paper analyzes the issue of purchasing power parity using real effective exchange rate (REER) data for 20 industrial countries in the post-Bretton Woods period. The serial correlation-robust median-unbiased estimator yields a cross-country average of half-lives of deviations from parity of abou...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2003.
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| Series: | IMF Staff Papers; IMF Staff Papers ;
No. 2003/003 |
| Online Access: | Full text available on IMF |