A reappraisal of parity reversion for UK real exchange rates

Detalhes bibliográficos
Autor(a) principal: Crato, Nuno
Data de Publicação: 1994
Outros Autores: Rothman, Philip
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/27698
Resumo: We apply a new approach to test the long-run purchasing power parity theory of real exchange rate movements for the UK. The question of whether real exchange rates have a unit root or are mean reverting is set in the more general framework of fractionally differenced time-series models. Our results suggest that in the current period of floating rates, UK real exchange rates return to parity in the long run.
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spelling A reappraisal of parity reversion for UK real exchange ratesTime SeriesExchange RatesEconometrics MethodsARIMA ModelsUnited KingdomWe apply a new approach to test the long-run purchasing power parity theory of real exchange rate movements for the UK. The question of whether real exchange rates have a unit root or are mean reverting is set in the more general framework of fractionally differenced time-series models. Our results suggest that in the current period of floating rates, UK real exchange rates return to parity in the long run.Chapman & HallRepositório da Universidade de LisboaCrato, NunoRothman, Philip2023-05-03T15:29:17Z19941994-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/27698engCrato, Nuno and Philip Rothman .(1994). “A reappraisal of parity reversion for UK real exchange rates”. Applied Economics Letters, Vol. 1, No. 9. pp. 139 –141. (Search PDF in 2023).1350–5851info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-05-07T01:30:59Zoai:www.repository.utl.pt:10400.5/27698Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:50:57.742678Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv A reappraisal of parity reversion for UK real exchange rates
title A reappraisal of parity reversion for UK real exchange rates
spellingShingle A reappraisal of parity reversion for UK real exchange rates
Crato, Nuno
Time Series
Exchange Rates
Econometrics Methods
ARIMA Models
United Kingdom
title_short A reappraisal of parity reversion for UK real exchange rates
title_full A reappraisal of parity reversion for UK real exchange rates
title_fullStr A reappraisal of parity reversion for UK real exchange rates
title_full_unstemmed A reappraisal of parity reversion for UK real exchange rates
title_sort A reappraisal of parity reversion for UK real exchange rates
author Crato, Nuno
author_facet Crato, Nuno
Rothman, Philip
author_role author
author2 Rothman, Philip
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Crato, Nuno
Rothman, Philip
dc.subject.por.fl_str_mv Time Series
Exchange Rates
Econometrics Methods
ARIMA Models
United Kingdom
topic Time Series
Exchange Rates
Econometrics Methods
ARIMA Models
United Kingdom
description We apply a new approach to test the long-run purchasing power parity theory of real exchange rate movements for the UK. The question of whether real exchange rates have a unit root or are mean reverting is set in the more general framework of fractionally differenced time-series models. Our results suggest that in the current period of floating rates, UK real exchange rates return to parity in the long run.
publishDate 1994
dc.date.none.fl_str_mv 1994
1994-01-01T00:00:00Z
2023-05-03T15:29:17Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/27698
url http://hdl.handle.net/10400.5/27698
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Crato, Nuno and Philip Rothman .(1994). “A reappraisal of parity reversion for UK real exchange rates”. Applied Economics Letters, Vol. 1, No. 9. pp. 139 –141. (Search PDF in 2023).
1350–5851
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 Chapman & Hall
publisher.none.fl_str_mv Chapman & Hall
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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