Keywords
Real exchange rate
stationarity
structural breaks
unit roots
purchasing-power-parity. Tipo de cambio real
estacionariedad
cambios estructurales
raíces unitarias
paridad del poder adquisitivo
stationarity
structural breaks
unit roots
purchasing-power-parity. Tipo de cambio real
estacionariedad
cambios estructurales
raíces unitarias
paridad del poder adquisitivo
How to Cite
Medina, L., & Noriega, A. E. (2001). Evidencia Empírica sobre la Paridad del Poder Adquisitivo en México. Acta Universitaria, 11(3), 33–38. https://doi.org/10.15174/au.2001.296
Abstract
This article describes the application of methods recently developed for testing stationarity in the Mexico/US real exchange rate, while allowing for an unknown number of structural breaks in the long-run level of the series. In our empirical implementation, inference relies on bootstraped critical values. As a result, we present unambiguous empirical evidence on the stationarity of the real exchange rate, thus favoring long-run purchasing power parity.Similar Articles
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