Speed of Reversion of Deviations of the Purchasing Power Parity for Brazilian Cities
Autor(a) principal: | |
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Data de Publicação: | 2018 |
Outros Autores: | , |
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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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 |
_version_ |
1798943115161108480 |