PPP Despite Real Shocks: An Empirical Analysis of the Norwegian Real Exchange Rate.
Despite the emerging consensus on the validity of purchasing power parity (PPP) between trading countries in the long run, empirical evidence in favour of the PPP theory is scarce in data predominantly exposed to real shocks. This paper tests for PPP between Norway and its trading partners using qua...
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| Format: | Working paper |
| Language: | English |
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Department of Economics (University of Oxford)
2000
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PPP despite real shocks: an empirical analysis of the Norwegian real exchange rate
Published 2000
Working paper