A Century of Purchasing-Power Parity

By Alan M. Taylor. Review of Economics and Statistics, 2002

506 citations recorded by the source corpus.

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Citations in the corpus

Monetary Policy in Emerging Markets (2010, background): “Krugman and Taylor (1978) Au3 added increased tariff revenue to the list of ways in which devaluation might be contractionary.”
A new semiparametric spatial model for panel time series (2001, background): “International applications include studies of purchasing power parity using series from many countries, see, for example, Taylor (2000) .”
Confidence Intervals for Half-Life Deviations From Purchasing Power Parity (2005, background): “This article assumes a linear DGP. Recent research also points to nonlinearities as a possible explanation for the apparent high persistence and excess volatility of exchange rates (e.g., Taylor 2001, 2002; Shintani 2002).”
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).”
Additional Evidence of Long-Run Purchasing Power Parity with Restricted Structural Change (2006, methodology): “The data was obtained from Taylor (2002) and updated by the authors (using International Financial Statistics data).”
Real Exchange Rate Misalignments in the Euro Area (2020, unknown): “16 In line with the existing literature (Taylor 2002; Papell and Prodan 2006; Bergin et al. 2017), we include a deterministic time trend in the tests. conventional confidence levels in at least one case.”
Market Integration and Convergence to the Law of One Price: Evidence from the European Car Market (2001, methodology): “, or exploitation of longer time-series data for individual countries (see Taylor (2000a) for an overview) – and methodological advances (Taylor 2000b). Still the slow speed of convergence documented in international markets remains a puzzle. In their excellent study of price dispersion across U.S. ”
Real exchange rates and Purchasing Power Parity: mean-reversion in economic thought (2006, background): “(Because Spain imported goods from the rest of Europe, prices in general rose 1 For previous surveys of the PPP literature (see, Breuer, 1994; Froot and Rogoff, 1995; Taylor, 1995; Rogoff, 1996; Sarno and Taylor, 2002a, b; Taylor and Taylor, 2004).”
The Worldwide Equity Premium: A Smaller Puzzle (2006, unknown): “Thomas (1986) provides some additional early data, but only in graphical form. We therefore created a new, market capitalization-weighted index of Irish equity prices for 1900–33 from original archive stock price and dividend sources (and this index has now been adopted by Whelan (2002)). For 1934–8”