Real Exchange Rates and the Relative Prices of Non-Traded and Traded Goods: An Empirical Analysis

This paper provides an empirical analysis of the decomposition of UK real exchange rates into the relative price of traded goods and the ratio of the relative price of non-traded to traded goods, and tests the prediction that deviations from the law of one price in tradable goods dominate real exchange rate variability only in the short run.

June 2004 · Jan J. J. Groen, Clare Lombardelli

New Multi-Country Evidence on Purchasing Power Parity: Multi-Variate Unit Root Test Results

In this paper a likelihood-based multivariate unit root testing framework is utilized to test whether the real exchange rates of G10 countries are non-stationary.

March 2000 · Jan J. J. Groen