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Applied Economics Letters Volume 24, 2017 - Issue 5
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Original Articles

The ‘real’ explanation of the PPP puzzle

Nicholas FordWolfson College, Cambridge University, Cambridge, UKView further author information
&
Charles Yuji HoriokaAsian Growth Research Institute, Kitakyushu, Fukuoka, Japan;National Bureau of Economic Research, Cambridge, MA, USA;Institute of Social and Economic Research, Osaka University, Osaka, JapanCorrespondence[email protected]
View further author information
Pages 325-328 | Published online: 30 May 2016

References

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  • Ford, N., and C. Y. Horioka. 2016. “The ‘Real’ Explanation of the Feldstein-Horioka Puzzle.” Applied Economics Letters forthcoming: 1–3. doi:10.1080/13504851.2016.1164814.
  • MacDonald, R. 1999. “Exchange Rate Behaviour: Are Fundamentals Important?” Economic Journal 109 (459): F673–691. doi:10.1111/1468-0297.00479.
  • Mishkin, F. S. 1984. “Are Real Interest Rates Equal Across Countries: An Empirical Investigation of International Parity Conditions.” Journal of Finance 39 (5): 1345–1357. doi:10.1111/j.1540-6261.1984.tb04911.x.
  • Niehans, J. 1986. International Monetary Economics. Baltimore, MD: Johns Hopkins University Press.
  • Obstfeld, M., and K. Rogoff. 2000. “The Six Major Puzzles in Macroeconomics: Is There a Common Cause?” In NBER Macroeconomics Annual 2000, edited by B. S. Bernanke, and K. Rogoff, 339–412. Vol. 15. Cambridge, MA: MIT Press.
  • Rogoff, K. 1996. “The Purchasing Power Parity Puzzle.” Journal of Economic Literature 34 (2): 647–668. June.

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