Does inflation targeting matter for PPP? An empirical investigation
Hui Ding and
Applied Economics Letters, 2012, vol. 19, issue 18, 1777-1780
This article examines whether Inflation Targeting (IT) matters for long-run Purchasing Power Parity (PPP). For this purpose, we formally assess the evidence on PPP for a panel of 19 countries using two price indices and two panel unit root tests with cross-sectional dependence. The empirical results show that IT plays an important role in providing favourable evidence for long-run PPP.
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:19:y:2012:i:18:p:1777-1780
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