Purchasing Power Parity Theory Revisited: Recent Evidence from US Dollar and Japanese Yen

Kishore Kulkarni and Maiko Ishizaki
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Maiko Ishizaki: University of Denver, USA

Global Business Review, 2002, vol. 3, issue 1, 53-61

Abstract: This article is yet another simple test of the Purchasing Power Parity explanation of the exchange rate behaviour. We use the data of the US Dollar and Japanese Yen, and conclude that the PPP explanation has a substantial explanatory power for the behaviour of this exchange rate. The article recognizes the difference between real and absolute purchasing power parity, survey-related literature, and carries out econometric analysis of the PPP theory argument.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:sae:globus:v:3:y:2002:i:1:p:53-61

DOI: 10.1177/097215090200300104

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