Paridad del poder adquisitivo:mecanismos de corrección del error e inestabilidad paramétrica

  1. Morales Zumaquero, Amalia
  2. Peruga Urrea, Rodrigo
Journal:
Documentos de Trabajo (ICAE)

ISSN: 2341-2356

Year of publication: 1999

Issue: 6

Pages: 1-46

Type: Working paper

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More publications in: Documentos de Trabajo (ICAE)

Abstract

This paper examines the behavior of Purchasing Power Parity (PPP) using Error Correction Models (ECM). We distinguish four different objectives: firstly, this paper examines what variable or variables exhibit a significant error correction mechanisms. In addition, this paper shows empirical evidence about the velociy of adjustment lo the long run equlibrium. On the other hand, it examines the adjustment coefficient stability and, finally, it analyses if the behavior of traded sectors and non-trade sectors is different.

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