Advanced search
Publication Cover
Applied Economics Letters Volume 19, 2012 - Issue 18
Submit an article Journal homepage
1,093
Views
3
CrossRef citations to date
0
Altmetric
Original Articles

Does inflation targeting matter for PPP? An empirical investigation

Hui Ding Department of Economics, Spears School of Business, Oklahoma State University, Stillwater, OK, 74078, USA
&
Jaebeom Kim Department of Economics, Spears School of Business, Oklahoma State University, Stillwater, OK, 74078, USACorrespondence[email protected]
Pages 1777-1780 | Published online: 20 Mar 2012

References

  • Berkowitz , J. and Kilian , L. 2000 . Recent developments in bootstrapping time series . Econometric Review , 19 : 1 – 54 .
  • Bernanke , B. S. and Mishkin , F. S. 1997 . Inflation targeting: a new framework for monetary policy? . Journal of Economic Perspectives , 11 : 97 – 116 .
  • Froot , K. A. and Rogoff , K. 1995 . “ Perspectives on PPP and long-run real exchange rates ” . In Handbook of International Economics , Edited by: Grossman , G. and Rogoff , K. 1647 – 88 . Amsterdam : Elsevier .
  • Im , K. S. , Pesaran , H. M. and Shin , Y. 2003 . Testing for unit roots in heterogeneous panels . Journal of Econometrics , 115 : 53 – 74 .
  • Johansen , S. 1991 . Estimation and hypothesis testing of cointegrating vectors in gaussian vector autoregressive models . Econometrica , 59 : 1551 – 80 .
  • Lothian , J. R. 1998 . Some new stylized facts of floating exchange rates . Journal of International Money and Finance , 17 : 29 – 39 .
  • Mishkin , F. S. and Schmidt-Hebbel , K. 2007 . Does inflation targeting make a difference?, NBER Working Paper No. 12876 , Cambridge , MA : NBER .
  • Moon , H. and Perron , B. 2007 . An empirical analysis of nonstationarity in a panel of interest rates with factors . Journal of Applied Econometrics , 22 : 383 – 400 .
  • O'Connell , P. J. G. 1998 . The overvaluation of purchasing power parity . Journal of International Economics , 44 : 1 – 19 .
  • Papell , D. H. 2002 . The great appreciation, the great depreciation, and the purchasing power parity hypothesis . Journal of International Economics , 57 : 51 – 82 .
  • Pesaran , M. H. 2007 . A simple panel unit root test in the presence of cross-section dependence . Journal of Applied Econometrics , 22 : 265 – 312 .
  • Svensson , L. E. O. 2000 . Open economy inflation targeting . Journal of International Economics , 50 : 155 – 83 .
  • Taylor , A. M. and Taylor , M. P. 2004 . The purchasing power parity debate . Journal of Economic Perspectives , 18 : 135 – 58 .
  • Taylor , M. P. 2003 . Purchasing power parity . Review of International Economics , 11 : 436 – 52 .
  • Taylor , M. P. and Sarno , L. 1998 . The behaviour of real exchange rates during the post-Bretton Woods period . Journal of International Economics , 46 : 281 – 312 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.