The Resource Bivariate assessments of real exchange rates using PPP data, prepared by Juan Zalduendo
Bivariate assessments of real exchange rates using PPP data, prepared by Juan Zalduendo
Resource Information
The item Bivariate assessments of real exchange rates using PPP data, prepared by Juan Zalduendo represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.This item is available to borrow from 1 library branch.
Resource Information
The item Bivariate assessments of real exchange rates using PPP data, prepared by Juan Zalduendo represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.
This item is available to borrow from 1 library branch.
- Summary
- This paper focuses on assessments of real exchange rates using PPP data and examines their limitations when these are based exclusively on bivariate estimations. It begins by presenting an analytical framework of the real exchange rate that shows that these estimations make many restrictive assumptions. In turn, the empirical evidence presented shows that the estimates are not robust to changes in sample, such as those that arise from differences in incomes per capita. The conclusion is that the bivariate assessment of real exchange rates do not control for the heterogeneity that exists across countries, thus limiting their usefulness. This critique of bivariate estimations does not apply however to multivariate approaches such as utilized by CGER
- Language
- eng
- Extent
- 1 online resource (26 pages)
- Note
- "June 2008."
- Contents
-
- I. Introduction; II. An Analytical Framework of the Real Exchange Rate; Box 1. The LOOP and the Purchasing Power Parity-Origins and Concepts; III. How are Bivariate Equilibrium Real Exchange Rates Estimated?; A. The International Comparison of Prices Dataset; B. Estimation Methodology and Underlying Assumptions; Figures; 1. Relative Price Levels and Income per Capita (1990 ICP Dataset); IV. Empirical Evidence; A. Cross-Section Evidence; 2. Balassa-Samuelson Relationship-Income and Regional Groups; Tables; 1. Estimation Results; 2. Panel Estimation Results
- 3. Average Over-valuation (+) and Under-valuation ( -- ) Results-2006B. Time-Series Evidence; 4. Closing Gap between Actual and Balassa-Samuelson Exchange Rate; C. Discussion; V. Conclusions; Appendix I. List of Countries Included in Econometric Estimations; Appendix II. The Low-Income Country Puzzle; Appendix Table 1. Estimation Results for Sub-samples of Low-Income Countries; References
- Isbn
- 9781462397167
- Label
- Bivariate assessments of real exchange rates using PPP data
- Title
- Bivariate assessments of real exchange rates using PPP data
- Statement of responsibility
- prepared by Juan Zalduendo
- Language
- eng
- Summary
- This paper focuses on assessments of real exchange rates using PPP data and examines their limitations when these are based exclusively on bivariate estimations. It begins by presenting an analytical framework of the real exchange rate that shows that these estimations make many restrictive assumptions. In turn, the empirical evidence presented shows that the estimates are not robust to changes in sample, such as those that arise from differences in incomes per capita. The conclusion is that the bivariate assessment of real exchange rates do not control for the heterogeneity that exists across countries, thus limiting their usefulness. This critique of bivariate estimations does not apply however to multivariate approaches such as utilized by CGER
- Cataloging source
- AU@
- http://bibfra.me/vocab/lite/collectionName
- IMF eLibrary
- http://library.link/vocab/creatorName
- Zalduendo, Juan
- Illustrations
- illustrations
- Index
- no index present
- Language note
- English
- LC call number
- HG3881.5.I58
- LC item number
- W67 no.08/153 ONLINE
- Literary form
- non fiction
- Nature of contents
-
- dictionaries
- bibliography
- http://library.link/vocab/relatedWorkOrContributorName
-
- Kincaid, G. Russell
- International Monetary Fund
- Series statement
- IMF Working Paper
- Series volume
- WP/08/153
- http://library.link/vocab/subjectName
-
- Purchasing power parity
- Foreign exchange rates
- Foreign exchange rates
- Purchasing power parity
- Label
- Bivariate assessments of real exchange rates using PPP data, prepared by Juan Zalduendo
- Note
- "June 2008."
- Antecedent source
- file reproduced from original
- Bibliography note
- Includes bibliographical references (pages 23-26)
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
-
- I. Introduction; II. An Analytical Framework of the Real Exchange Rate; Box 1. The LOOP and the Purchasing Power Parity-Origins and Concepts; III. How are Bivariate Equilibrium Real Exchange Rates Estimated?; A. The International Comparison of Prices Dataset; B. Estimation Methodology and Underlying Assumptions; Figures; 1. Relative Price Levels and Income per Capita (1990 ICP Dataset); IV. Empirical Evidence; A. Cross-Section Evidence; 2. Balassa-Samuelson Relationship-Income and Regional Groups; Tables; 1. Estimation Results; 2. Panel Estimation Results
- 3. Average Over-valuation (+) and Under-valuation ( -- ) Results-2006B. Time-Series Evidence; 4. Closing Gap between Actual and Balassa-Samuelson Exchange Rate; C. Discussion; V. Conclusions; Appendix I. List of Countries Included in Econometric Estimations; Appendix II. The Low-Income Country Puzzle; Appendix Table 1. Estimation Results for Sub-samples of Low-Income Countries; References
- Control code
- 1058162654
- Dimensions
- unknown
- Extent
- 1 online resource (26 pages)
- File format
- one file format
- Form of item
- online
- Isbn
- 9781462397167
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other physical details
- illustrations
- Specific material designation
- remote
- System control number
-
- imfWPIEA2008153
- (IMF)WPIEA2008153
- (OCoLC)1058162654
- Label
- Bivariate assessments of real exchange rates using PPP data, prepared by Juan Zalduendo
- Note
- "June 2008."
- Antecedent source
- file reproduced from original
- Bibliography note
- Includes bibliographical references (pages 23-26)
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
-
- I. Introduction; II. An Analytical Framework of the Real Exchange Rate; Box 1. The LOOP and the Purchasing Power Parity-Origins and Concepts; III. How are Bivariate Equilibrium Real Exchange Rates Estimated?; A. The International Comparison of Prices Dataset; B. Estimation Methodology and Underlying Assumptions; Figures; 1. Relative Price Levels and Income per Capita (1990 ICP Dataset); IV. Empirical Evidence; A. Cross-Section Evidence; 2. Balassa-Samuelson Relationship-Income and Regional Groups; Tables; 1. Estimation Results; 2. Panel Estimation Results
- 3. Average Over-valuation (+) and Under-valuation ( -- ) Results-2006B. Time-Series Evidence; 4. Closing Gap between Actual and Balassa-Samuelson Exchange Rate; C. Discussion; V. Conclusions; Appendix I. List of Countries Included in Econometric Estimations; Appendix II. The Low-Income Country Puzzle; Appendix Table 1. Estimation Results for Sub-samples of Low-Income Countries; References
- Control code
- 1058162654
- Dimensions
- unknown
- Extent
- 1 online resource (26 pages)
- File format
- one file format
- Form of item
- online
- Isbn
- 9781462397167
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other physical details
- illustrations
- Specific material designation
- remote
- System control number
-
- imfWPIEA2008153
- (IMF)WPIEA2008153
- (OCoLC)1058162654
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