Câmbio e inflação no Mercosul

Detalhes bibliográficos
Autor(a) principal: Caetano, Sidney M.
Data de Publicação: 2003
Outros Autores: Fontes, Rosa, Arbex, Marcelo A.
Tipo de documento: Artigo
Idioma: por
Título da fonte: Economia Aplicada
Texto Completo: https://www.revistas.usp.br/ecoa/article/view/220072
Resumo: This article empirically analyses the Purchasing Power Parity s condition in Mercosur. More specifically, it verifies ifthere is a long run equilibrium between the exchange rate and the internal and external price indexes difference using the cointegration analysis method developed by Johansen. Based on monthly data mostly related to the 90's, the results do not confirm the PPP theory in its absolute and relative versions. Although, they suggest that eventual misalignments in currencies real parity were followed by some nominal exchange rate corrective policy, without interfering too much in the countries natural competitiveness.
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spelling Câmbio e inflação no Mercosulpurchasing power parity theoryMercosurcointegrationThis article empirically analyses the Purchasing Power Parity s condition in Mercosur. More specifically, it verifies ifthere is a long run equilibrium between the exchange rate and the internal and external price indexes difference using the cointegration analysis method developed by Johansen. Based on monthly data mostly related to the 90's, the results do not confirm the PPP theory in its absolute and relative versions. Although, they suggest that eventual misalignments in currencies real parity were followed by some nominal exchange rate corrective policy, without interfering too much in the countries natural competitiveness.Universidade de São Paulo, FEA-RP/USP2003-02-07info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://www.revistas.usp.br/ecoa/article/view/22007210.11606/1413-8050/ea220072Economia Aplicada; Vol. 7 Núm. 1 (2003); 23-61Economia Aplicada; Vol. 7 No. 1 (2003); 23-61Economia Aplicada; v. 7 n. 1 (2003); 23-611980-53301413-8050reponame:Economia Aplicadainstname:Universidade de São Paulo (USP)instacron:USPporhttps://www.revistas.usp.br/ecoa/article/view/220072/200890Copyright (c) 2003 Economia Aplicadahttp://creativecommons.org/licenses/by-nc/4.0info:eu-repo/semantics/openAccessCaetano, Sidney M. Fontes, Rosa Arbex, Marcelo A. 2023-12-11T18:30:06Zoai:revistas.usp.br:article/220072Revistahttps://www.revistas.usp.br/ecoaPUBhttps://www.revistas.usp.br/ecoa/oai||revecap@usp.br1980-53301413-8050opendoar:2023-12-11T18:30:06Economia Aplicada - Universidade de São Paulo (USP)false
dc.title.none.fl_str_mv Câmbio e inflação no Mercosul
title Câmbio e inflação no Mercosul
spellingShingle Câmbio e inflação no Mercosul
Caetano, Sidney M.
purchasing power parity theory
Mercosur
cointegration
title_short Câmbio e inflação no Mercosul
title_full Câmbio e inflação no Mercosul
title_fullStr Câmbio e inflação no Mercosul
title_full_unstemmed Câmbio e inflação no Mercosul
title_sort Câmbio e inflação no Mercosul
author Caetano, Sidney M.
author_facet Caetano, Sidney M.
Fontes, Rosa
Arbex, Marcelo A.
author_role author
author2 Fontes, Rosa
Arbex, Marcelo A.
author2_role author
author
dc.contributor.author.fl_str_mv Caetano, Sidney M.
Fontes, Rosa
Arbex, Marcelo A.
dc.subject.por.fl_str_mv purchasing power parity theory
Mercosur
cointegration
topic purchasing power parity theory
Mercosur
cointegration
description This article empirically analyses the Purchasing Power Parity s condition in Mercosur. More specifically, it verifies ifthere is a long run equilibrium between the exchange rate and the internal and external price indexes difference using the cointegration analysis method developed by Johansen. Based on monthly data mostly related to the 90's, the results do not confirm the PPP theory in its absolute and relative versions. Although, they suggest that eventual misalignments in currencies real parity were followed by some nominal exchange rate corrective policy, without interfering too much in the countries natural competitiveness.
publishDate 2003
dc.date.none.fl_str_mv 2003-02-07
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://www.revistas.usp.br/ecoa/article/view/220072
10.11606/1413-8050/ea220072
url https://www.revistas.usp.br/ecoa/article/view/220072
identifier_str_mv 10.11606/1413-8050/ea220072
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://www.revistas.usp.br/ecoa/article/view/220072/200890
dc.rights.driver.fl_str_mv Copyright (c) 2003 Economia Aplicada
http://creativecommons.org/licenses/by-nc/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2003 Economia Aplicada
http://creativecommons.org/licenses/by-nc/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade de São Paulo, FEA-RP/USP
publisher.none.fl_str_mv Universidade de São Paulo, FEA-RP/USP
dc.source.none.fl_str_mv Economia Aplicada; Vol. 7 Núm. 1 (2003); 23-61
Economia Aplicada; Vol. 7 No. 1 (2003); 23-61
Economia Aplicada; v. 7 n. 1 (2003); 23-61
1980-5330
1413-8050
reponame:Economia Aplicada
instname:Universidade de São Paulo (USP)
instacron:USP
instname_str Universidade de São Paulo (USP)
instacron_str USP
institution USP
reponame_str Economia Aplicada
collection Economia Aplicada
repository.name.fl_str_mv Economia Aplicada - Universidade de São Paulo (USP)
repository.mail.fl_str_mv ||revecap@usp.br
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