International parity relationships between Germany and US: a multivariate time series analysis for the post Bretton-Woods period¤
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چکیده
This paper investigates the e¤ects of replacing the consumer price index (CPI) with the wholesale price index (WPI) in the cointegrating international parity relationships found by Juselius and MacDonald (2000). Our empirical analysis outstandingly produced results similar to the ones obtained by Juselius and MacDonald, suggesting that the cointegration relationships in the international parity conditions hold both for CPI and WPI. JEL Classi...cations E31, E43, F31, F32
منابع مشابه
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