Potential Pitfalls for the Purchasing-Power-Parity Puzzle? Sampling and Specification Biases in Mean-Reversion Tests of the Law of One Price
收藏NBER2000-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7577
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资源简介：
The PPP puzzle is based on empirical evidence that international price differences for individual goods (LOOP) or baskets of goods (PPP) appear highly persistent or even non-stationary. The present consensus is these price differences have a half-life that is of the order of five years at best, and
提供机构：
美国国家经济研究局
创建时间：
2000-03-01
