Trading Costs for Goods and PPP. A Nonlinear Alternative for Real Exchange rate Dynamics

Frédérique Bec and Melika Ben Salem

Working Papers from Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor.

Abstract: The high persistence of the PPP deviations is well documented in empirical work about real exchange rates. Our paper explores the possibility that, in presence of e.g. shipping costs, a nonlinear representation is more relevant for the real exchange rate.

Keywords: EXCHANGE RATE U.F.R. de science economiques; gestion; mathematiques et informatique; 200; avenue de la Republique 9 2001 Nanterre CEDEX. 20p. (search for similar items in EconPapers)
JEL-codes: F30 F31 (search for similar items in EconPapers)
Date: 1998
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Working Paper: Trading costs for goods and PPP. A nonlinear alternative for real exchange rate dynamics (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:pnegmi:9832

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