Browsing The Economic and Social Review, Vol. 25, No. 3, April, 1994 by Subject "Purchasing power parity"
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Quantifying the non-stationarity in Irish real exchange rates
(Economic & Social StudiesDublin, 1993)Empirical work, both in Ireland and elsewhere, has found little evidence for the proposition that log-real exchange rates are stationary, implying that the purchasing power parity (PPP) relation cannot hold, not even in a ...