Purchasing power parity in the long-run: evidence from Australia's recent float

George B. Tawadros

11 citations0/0 files storedApplied Financial Economics

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Monetary Policy and Economic Impact Financial Markets and Investment Strategies Global Financial Crisis and Policies

Abstract

This paper examines the properties of proportionality, symmetry and exclusiveness in long-run purchasing power parity (PPP) using monthly observations covering Australia's recent experience with floating exchange rates. Using monthly data over the period 1985–1996, strong evidence is found to support the hypothesis that long-run PPP holds between Australia vis-à-vis the USA, UK and Japan. However, strong evidence against the properties of symmetry and proportionality is found. Furthermore, the results show that the property of exclusiveness cannot be rejected for all three currencies.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 11 citations exist upstream.

References

1987Co-Integration and Error Correction: Representation, Estimation, and Testing 1979Distribution of the Estimators for Autoregressive Time Series with a Unit Root 1988Testing for a Unit Root in Time Series Regression 1988Statistical analysis of cointegration vectors 1981Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root 1990MAXIMUM LIKELIHOOD ESTIMATION AND INFERENCE ON COINTEGRATION — WITH APPLICATIONS TO THE DEMAND FOR MONEY 2014On the Principles of Political Economy, and Taxation 1964The Purchasing-Power Parity Doctrine: A Reappraisal

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.