Occasional Papers

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Testing for Purchasing Power Parity and Uncovered Interest parity in the Presence of Monetary and Exchange Rate Regime Shifts

Miguel Lacerda, Johannes Fedderke and Linda Haines
Testing for purchasing power parity (PPP) and uncovered interest parity (UIP) has been the focus of many empirically oriented studies. Whilst these simple economic theories of exchange rate and interest rate determination are theoretically attractive, the empirical support for these equilibrium...
Jan 2009
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