| dc.contributor.author | Wright, Jonathan H. | |
| dc.date.accessioned | 2012-07-26T15:53:37Z | |
| dc.date.available | 2012-07-26T15:53:37Z | |
| dc.date.issued | 1993 | |
| dc.identifier.citation | Wright, Johnathan H. 'Quantifying the non-stationarity in Irish real exchange rates'. - Economic & Social Review, Vol. 25, No. 1, October, 1993, pp. 109-119. Dublin: Economic & Social Research Institute | |
| dc.identifier.issn | 0012-9984 | |
| dc.identifier.other | JEL E42 | |
| dc.identifier.other | JEL E47 | |
| dc.identifier.uri | http://hdl.handle.net/2262/64460 | |
| dc.description.abstract | Empirical work, both in Ireland and elsewhere, has found little evidence for the proposition that log-real exchange rates are stationary, implying that the purchasing power parity (PPP) relation cannot hold, not even in a long-run equilibrium. Using techniques proposed by Cochrane (1988), we aim to quantify the magnitude of that non-stationarity in Irish/German and Irish/UK data during the EMS period. In this way we can assess how empirically important deviations from PPP are. At least in the case of Irish/German data, the non-stationarity in the log real exchange rate appears to be small. | en |
| dc.language.iso | en | |
| dc.publisher | Economic & Social Studies | |
| dc.source | Economic & Social Review | en |
| dc.subject | Purchasing power parity | en |
| dc.subject | Exchange rates | en |
| dc.subject | Non-stationarity | en |
| dc.subject | Ireland | en |
| dc.title | Quantifying the non-stationarity in Irish real exchange rates | |
| dc.type | Journal Article | |
| dc.publisher.place | Dublin | en |
