Purchasing Power Parity in the Long Run: A Test of the Dollar/Pound Exchange Rate (1890-1978)
作者： Hali J. Edison
DOI: 10.2307/1992083
关键词:
摘要: This paper tests the Purchasing Power Parity (PPP) hypothesis by analyzing t he long-run tendency of dollar/pound exchange rate using data sin ce 1890. Two different models are considered: (1) a na ive model and (2) modified monetary model. The conditions propor tionality symmetry cannot be rejected when naive final results model, however, indicate that existence permanent deviations from PPP ruled out. Copyright 1987 Ohio State University Press.
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