Some New Empirical Evidence on the Relative PPP Hypothesis in new EU Member States
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F25473361%3A_____%2F10%3A%230000704" target="_blank" >RIV/25473361:_____/10:#0000704 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Some New Empirical Evidence on the Relative PPP Hypothesis in new EU Member States
Original language description
The paper focuses on testing the relative version of purchasing power parity (PPP) on data for new EU Member States over the time period 1995 to 2009. Three definitions of exchange rates (the Euro, the US Dollar and REER) are employed to test the relative version of the PPP hypothesis. Given a large number of potential problems with verifying PPP hypotheses, univariate (linear and non-linear). Our results are not unambiguous; however, for robust univariate non-linear unit root tests indicate that the relative version of PPP holds for the majority of new EU Member States for the Euro currency pairs. In the case of other currency pairs are results less robust. Our results are robust even after shortening the time span to eliminate effects of the ongoingfinancial crisis.
Czech name
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Czech description
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Classification
Type
A - Audiovisual production
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/1M0524" target="_blank" >1M0524: Research center on competitiveness of Czech economy</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2010
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
ISBN
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Place of publication
Brno
Publisher/client name
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Version
CVKS Working Papers, č. 21
Carrier ID
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