Real exchange rate shocks, asymmetric adjustments and long-run equilibrium in less developed countries
This paper investigates the possibility that long-run relative purchasing power parity is dependent upon the nature of real exchange shocks that are experienced. While existing studies involving developed and less developed countries often find against purchasing power parity having employed linear...
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| Main Authors: | , |
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| Format: | Default Preprint |
| Published: |
2004
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| Subjects: | |
| Online Access: | https://hdl.handle.net/2134/323 |
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