000			02060nam a22003974a 4500
001			SPIEA0032003
003			IMF
005			20190405162543.0
006			m o d
007			cr cn|||||||||
008			020129s2003 dcu o i00 0 eng d
020			_a1589062035 : _c25.00 USD
020			_z9781589062030
022			_a1020-7635
024	7		_a10.5089/9781589062030.024 _2doi
035			_a(IMF)SPIEA0032003
040			_aDcWaIMF _beng
100	1		_aFlood, Robert P.
245	1	0	_aIMF Staff Papers, Volume 50, No. 3 _h[electronic resource] / _cRobert P Flood.
260			_aWashington, D.C. : _bInternational Monetary Fund, _c2003.
300			_a1 online resource (204 p.)
490	1		_aIMF Staff Papers; IMF Staff Papers, Volume 50 ; _vNo. 3
520	3		_aThis paper analyzes the issue of purchasing power parity using real effective exchange rate (REER) data for 20 industrial countries in the post-Bretton Woods period. The serial correlation-robust median-unbiased estimator yields a cross-country average of half-lives of deviations from parity of about eight years, with the REER of several countries displaying permanent deviations from parity. The paper analyzes integration of Africa into world trade. The high-yield spread as a predictor of real economic activity is also examined.
588			_aDescription based on print version record.
650		7	_aConfidence Interval _2imf
650		7	_aConfidence Intervals _2imf
650		7	_aReal Exchange Rate _2imf
650		7	_aSerial Correlation _2imf
650		7	_aUnit Root _2imf
651		7	_aCanada _2imf
651		7	_aIceland _2imf
651		7	_aUnited Kingdom _2imf
776	0	8	_iPrint Version: _aFlood, Robert P. _tIMF Staff Papers, Volume 50, No. 3 _dWashington, D.C. : International Monetary Fund, 2003. _z9781589062030
830		0	_aIMF Staff Papers; IMF Staff Papers, Volume 50 ; _vNo. 3
856	4	0	_uhttp://elibrary.imf.org/view/IMF024/03378-9781589062030/03378-9781589062030/03378-9781589062030.xml _zIMF e-Library
856	4	0	_uhttp://www.imfbookstore.org/IMFORG/9781589062030 _zIMF Book Store
999			_c151197 _d151197