Purchasing power parity over two centuries : strengthening the case for real exchange rate stability - a reply to Cuddington and Liang

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Testing for long memory in the presence of non-linear deterministic trends with Chebyshev polynomials (2016, unknown): “For instance, the well known dynamic Penn effect and the Balassa-Samuelson effect, may induce deterministic trends in the data (see Lothian and Taylor 2000, among others), and the existence of structural changes, may, in addition, induce changes in those trends.”
A Non-linear Approach with Long Range Dependence based on Chebyshev Polynomials (2012, background): “For instance, the well known dynamic Penn effect and the Balassa-Samuelson effect, may induce deterministic trends in the data (see Lothian and Taylor, 2000, among others), and the existence of structural changes, may, in addition, induce changes in those trends.”
Real Exchange Rates Over the Past Two Centuries: How Important is the Harrod-Balassa-Samuelson Effect? (2008, unknown): “…by studies which have found that allowing for linear or nonlinear deterministic trends (which may be proxying for HBS effects) can make a material difference in resolving the puzzles about whether and how fast the exchange rate moves to its PPP level (Taylor, 2002; Lothian and Taylor, 2000).”