Makilab
-
Posts
1 -
Joined
-
Last visited
Makilab's Achievements
Decaf (2/10)
-1
Reputation
-
Cookie reacted to a post in a topic:
Deviation from Purchasing Power Parity (PPP) is real exchange rate?
-
Hey everyone, I'm studying time series topics and I found an example on "real exchange rates". Author says that "deviation from PPP is real exchange rate", but I can't understand the sentence! I put the complete sentence below. Very regards for answers. "However, at least for advanced economies, deviations from PPP are highly persistent and a substantial body of evidence suggests that the real exchange rates, measuring deviation from PPP, are indistinguishable from non-stationary time series."- 1 reply
-
- 1
-