A new solution to the purchasing power parity puzzles? Risk-aversion, exchange rate uncertainty and the law of one price: Insigh
![The purchasing power parity and exchange‐rate economics half a century on - Vo - Journal of Economic Surveys - Wiley Online Library The purchasing power parity and exchange‐rate economics half a century on - Vo - Journal of Economic Surveys - Wiley Online Library](https://onlinelibrary.wiley.com/cms/asset/7e2a35f4-910c-418e-b895-c4a85eb75378/joes12504-fig-0001-m.jpg)
The purchasing power parity and exchange‐rate economics half a century on - Vo - Journal of Economic Surveys - Wiley Online Library
TAKING THE PUZZLE OUT OF THE PURCHASING POWER PARITY PUZZLE: AN APPLICATION IN RESPECT OF SOUTH AFRICA
![Topic 3: Exchange Rates Rogoff, K. (1996) “The Purchasing Power Parity Puzzle” Journal of Economic Literature, Vol. 34, No.2 Rogoff, K. (1996) “The Purchasing. - ppt download Topic 3: Exchange Rates Rogoff, K. (1996) “The Purchasing Power Parity Puzzle” Journal of Economic Literature, Vol. 34, No.2 Rogoff, K. (1996) “The Purchasing. - ppt download](https://slideplayer.com/18/6088055/big_thumb.jpg)
Topic 3: Exchange Rates Rogoff, K. (1996) “The Purchasing Power Parity Puzzle” Journal of Economic Literature, Vol. 34, No.2 Rogoff, K. (1996) “The Purchasing. - ppt download
![Equilibrium ER PPP: –Empirical evidence: Define: –Test the behavior of RER »If RER is non-stationary -> PPP does not hold »If RER is stationary -> PPP. - ppt download Equilibrium ER PPP: –Empirical evidence: Define: –Test the behavior of RER »If RER is non-stationary -> PPP does not hold »If RER is stationary -> PPP. - ppt download](https://slideplayer.com/4577416/15/images/slide_1.jpg)