Speed of Reversion of Deviations of the Purchasing Power Parity for Brazilian Cities

Detalhes bibliográficos
Autor(a) principal: Bastos, Felipe de Sousa
Data de Publicação: 2018
Outros Autores: Ferreira, Roberto Tatiwa, Arruda, Elano Ferreira
Tipo de documento: Artigo
Idioma: por
Título da fonte: Revista Brasileira de Economia (Online)
Texto Completo: https://periodicos.fgv.br/rbe/article/view/31837
Resumo: This work estimates the rate of reversion of deviations from the PPP for Brazilian cities considering three possible sources of bias: i) Nickell, ii) the heterogeneity of the autoregressive coefficients and iii) generated by the temporal aggregation of price indices. The values of the estimated half-lives were approximately 4.41 and 3.18 years when considering the price index of Brazil and the average of the indices of cities as references, respectively. When using the price index for each city as the numeraire, the median half-life is 3.13 years.
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spelling Speed of Reversion of Deviations of the Purchasing Power Parity for Brazilian CitiesPurchasing Power ParitySpeed of ReversionNickell biasTemporal Aggregation Bias.This work estimates the rate of reversion of deviations from the PPP for Brazilian cities considering three possible sources of bias: i) Nickell, ii) the heterogeneity of the autoregressive coefficients and iii) generated by the temporal aggregation of price indices. The values of the estimated half-lives were approximately 4.41 and 3.18 years when considering the price index of Brazil and the average of the indices of cities as references, respectively. When using the price index for each city as the numeraire, the median half-life is 3.13 years.EGV EPGE2018-02-16info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArticlesArtigosapplication/pdfhttps://periodicos.fgv.br/rbe/article/view/31837Revista Brasileira de Economia; Vol. 72 No. 1 (2018): JAN-MAR; 26-40Revista Brasileira de Economia; v. 72 n. 1 (2018): JAN-MAR; 26-401806-91340034-7140reponame:Revista Brasileira de Economia (Online)instname:Fundação Getulio Vargas (FGV)instacron:FGVporhttps://periodicos.fgv.br/rbe/article/view/31837/70908Bastos, Felipe de SousaFerreira, Roberto TatiwaArruda, Elano Ferreirainfo:eu-repo/semantics/openAccess2018-02-16T19:22:20Zoai:ojs.periodicos.fgv.br:article/31837Revistahttps://periodicos.fgv.br/rbe/https://periodicos.fgv.br/rbe/oai||rbe@fgv.br1806-91340034-7140opendoar:2024-03-06T13:03:41.591256Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)true
dc.title.none.fl_str_mv Speed of Reversion of Deviations of the Purchasing Power Parity for Brazilian Cities
title Speed of Reversion of Deviations of the Purchasing Power Parity for Brazilian Cities
spellingShingle Speed of Reversion of Deviations of the Purchasing Power Parity for Brazilian Cities
Bastos, Felipe de Sousa
Purchasing Power Parity
Speed of Reversion
Nickell bias
Temporal Aggregation Bias.
title_short Speed of Reversion of Deviations of the Purchasing Power Parity for Brazilian Cities
title_full Speed of Reversion of Deviations of the Purchasing Power Parity for Brazilian Cities
title_fullStr Speed of Reversion of Deviations of the Purchasing Power Parity for Brazilian Cities
title_full_unstemmed Speed of Reversion of Deviations of the Purchasing Power Parity for Brazilian Cities
title_sort Speed of Reversion of Deviations of the Purchasing Power Parity for Brazilian Cities
author Bastos, Felipe de Sousa
author_facet Bastos, Felipe de Sousa
Ferreira, Roberto Tatiwa
Arruda, Elano Ferreira
author_role author
author2 Ferreira, Roberto Tatiwa
Arruda, Elano Ferreira
author2_role author
author
dc.contributor.author.fl_str_mv Bastos, Felipe de Sousa
Ferreira, Roberto Tatiwa
Arruda, Elano Ferreira
dc.subject.por.fl_str_mv Purchasing Power Parity
Speed of Reversion
Nickell bias
Temporal Aggregation Bias.
topic Purchasing Power Parity
Speed of Reversion
Nickell bias
Temporal Aggregation Bias.
description This work estimates the rate of reversion of deviations from the PPP for Brazilian cities considering three possible sources of bias: i) Nickell, ii) the heterogeneity of the autoregressive coefficients and iii) generated by the temporal aggregation of price indices. The values of the estimated half-lives were approximately 4.41 and 3.18 years when considering the price index of Brazil and the average of the indices of cities as references, respectively. When using the price index for each city as the numeraire, the median half-life is 3.13 years.
publishDate 2018
dc.date.none.fl_str_mv 2018-02-16
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Articles
Artigos
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://periodicos.fgv.br/rbe/article/view/31837
url https://periodicos.fgv.br/rbe/article/view/31837
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://periodicos.fgv.br/rbe/article/view/31837/70908
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv EGV EPGE
publisher.none.fl_str_mv EGV EPGE
dc.source.none.fl_str_mv Revista Brasileira de Economia; Vol. 72 No. 1 (2018): JAN-MAR; 26-40
Revista Brasileira de Economia; v. 72 n. 1 (2018): JAN-MAR; 26-40
1806-9134
0034-7140
reponame:Revista Brasileira de Economia (Online)
instname:Fundação Getulio Vargas (FGV)
instacron:FGV
instname_str Fundação Getulio Vargas (FGV)
instacron_str FGV
institution FGV
reponame_str Revista Brasileira de Economia (Online)
collection Revista Brasileira de Economia (Online)
repository.name.fl_str_mv Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)
repository.mail.fl_str_mv ||rbe@fgv.br
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