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Title:Exchange rate uncertainty and deviations from purchasing power parity: Evidence from the G7 area PDF Logo
Authors:Arghyrou, Michael G.
Gregoriou, Andros
Pourpourides, Panayiotis M.
Issue Date:2009
Series/Report no.:Cardiff Economics Working Papers E2009/23
Abstract:Arghyrou, Gregoriou and Pourpourides (2009) argue that exchange rate uncertainty causes deviations from the law of one price. We test this hypothesis on aggregate data from the G7-area. We find that exchange rate uncertainty explains to a significant degree deviations from Purchasing Power Parity.
Subjects:purchasing power parity
exchange rate uncertainty
JEL:F31
F41
Document Type:Working Paper
Appears in Collections:Cardiff Economics Working Papers

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