Some New Empirical Evidence on the Relative PPP Hypothesis in new EU Member States

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Some New Empirical Evidence on the Relative PPP Hypothesis in new EU Member States

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Some New Empirical Evidence on the Relative PPP Hypothesis in new EU Member States

Popis výsledku anglicky

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.

Druh

A - Audiovizuální tvorba

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

<a href="/cs/project/1M0524" target="_blank" >1M0524: Centrum výzkumu konkurenční schopnosti české ekonomiky</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2010

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

ISBN

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Místo vydání

Brno

Název nakladatele resp. objednatele

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Verze

CVKS Working Papers, č. 21

Identifikační číslo nosiče

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