Testing for symmetry and proportionality in a european panel

• Autores: Jerry Coakley, Stuart Snaith
• Localización: Applied financial economics, ISSN 0960-3107, Vol. 16, Nº. 1-2, 2006 (Ejemplar dedicado a: Special Issue: Purchasing Power Parity and Real Exchange Rates), págs. 63-71
• Idioma: inglés
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• Resumen

  • Symmetry and proportionality is tested for in 15 European economies 1973:04-1998:12 in a panel regression framework that allows for permanent shocks. support is found for both symmetry and proportionality and thus for general relative PPP in the US dollar but not the German mark papel.