Testing purchasing power parity in the presence of transaction costs

被引：5

作者：

Pippenger, M ^{[1
]}

Geppert, JM ^{[1
]}

机构：

[1] UNIV NEBRASKA,COLL BUSINESS ADM,DEPT FINANCE,LINCOLN,NE 68588

来源：

APPLIED ECONOMICS LETTERS | 1997年 / 4卷 / 10期

关键词：

D O I：

10.1080/758533284

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines long-run purchasing power parity (PPP) using a new formulation of PPP in the presence of transaction costs. Our results strongly support the proposition that PPP holds as a long-run equilibrium condition.

引用

页码：611 / 614

页数：4

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