• Title of article

    New panel unit root tests of PPP

  • Author/Authors

    Jerry Coakley، نويسنده , , Ana-Maria Fuertes، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 1997
  • Pages
    6
  • From page
    17
  • To page
    22
  • Abstract
    We use the new panel unit root tests [Im, K.S., Pesaran, M.H., Shin, Y., 1995. Testing for unit roots in heterogenous panels. WP 9526, DAE, University of Cambridge. Revised March 1997] to analyse the stationarity of real exchange rates for the G10 economies and Switzerland. Our results for monthly data 1973–96 indicate mean reversion in real exchange rates and a half life of under three years for one-off shocks.
  • Keywords
    Unit roots , 1m et al. panel tests , PPP
  • Journal title
    Economics Letters
  • Serial Year
    1997
  • Journal title
    Economics Letters
  • Record number

    434418

    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=434418