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首页> 外文期刊>Applied Economics Letters >Nonlinear adjustment to purchasing power parity for Germany's real exchange rate relative to its major trading partners
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Nonlinear adjustment to purchasing power parity for Germany's real exchange rate relative to its major trading partners

机译：相对于主要贸易伙伴的德国实际汇率的购买力平价的非线性调整

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This study applies a simple and powerful nonlinear unit-root test proposed by Sollis (200916. Sollis, R. 2009. A simple unit root test against asymmetric STAR nonlinearity with an application to real exchange rates in Nordic countries. Economic Modelling , 26: 118-25. [CrossRef], [Web of Science ®]View all references) to test the validity of long-run Purchasing Power Parity (PPP) for Germany's real exchange rate vis-Ã -vis its trading partner countries. The empirical results indicate that PPP holds for Germany relative to its major trading partners, with the exception of Canada, and the adjustment towards PPP is nonlinear and asymmetric. This result provides support for PPP for Germany relative to its major trading partner countries.View full textDownload full textKeywordsnonlinear unit-root test, purchasing power parity, GermanyJEL ClassificationC22, F31Related var addthis_config = { ui_cobrand: "Taylor & Francis Online", services_compact: "citeulike,netvibes,twitter,technorati,delicious,linkedin,facebook,stumbleupon,digg,google,more", pubid: "ra-4dff56cd6bb1830b" }; Add to shortlist Link Permalink http://dx.doi.org/10.1080/13504851.2011.570708
机译：这项研究应用了Sollis（200916. Sollis，R. 2009.针对非对称STAR非线性的简单单位根检验，并将其应用于北欧国家的实际汇率），该方法应用了一个简单而强大的非线性单位根检验。经济建模，26：118 -25。[CrossRef]，[Web of Science®]查看所有参考）以测试长期购买力平价（PPP）相对于德国对其贸易伙伴国家的实际汇率的有效性。实证结果表明，除加拿大外，购买力平价相对于德国及其主要贸易伙伴而言都适用，并且对购买力平价的调整是非线性且不对称的。此结果为德国相对于主要贸易伙伴国家的PPP提供了支持。查看全文下载全文关键字非线性单位根检验，购买力平价，德国JEL分类C22，F31 citeulike，netvibes，twitter，technorati，美味，linkedin，facebook，stumbleupon，digg，google，更多”，发布：“ ra-4dff56cd6bb1830b”};添加到候选列表链接永久链接http://dx.doi.org/10.1080/13504851.2011.570708

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