Online Appendix for: Real Exchange Rates and Primary Commodity Prices: Mussa Meets Backus-Smith

2021 ◽  
Author(s):  
Joao Ayres ◽  
Constantino Hevia ◽  
Juan Pablo Nicolini
Keyword(s):  
Exchange Rates ◽  
Real Exchange Rates ◽  
Commodity Prices ◽  
Primary Commodity ◽  
Online Appendix

scholarly journals Real Exchange Rates and Primary Commodity Prices

2019 ◽  
Author(s):  
Joao Ayres ◽  
Constantino Hevia ◽  
Juan Pablo Nicolini
Keyword(s):  
Exchange Rates ◽  
Real Exchange Rates ◽  
Commodity Prices ◽  
Primary Commodity

scholarly journals Real exchange rates and primary commodity prices

2020 ◽  
Vol 122 ◽  
pp. 103261 ◽  
Author(s):  
Joao Ayres ◽  
Constantino Hevia ◽  
Juan Pablo Nicolini
Keyword(s):  
Exchange Rates ◽  
Real Exchange Rates ◽  
Commodity Prices ◽  
Primary Commodity

scholarly journals Real Exchange Rates and Primary Commodity Prices

2019 ◽  
Author(s):  
Constantino Hevia ◽  
Juan Pablo Nicolini
Keyword(s):  
Exchange Rates ◽  
Real Exchange Rates ◽  
Commodity Prices ◽  
Primary Commodity

scholarly journals Real Exchange Rates and Primary Commodity Prices: Mussa Meets Backus-Smith

2021 ◽  
Author(s):  
Joao Ayres ◽  
Constantino Hevia ◽  
Juan Pablo Nicolini
Keyword(s):  
Exchange Rates ◽  
Real Exchange Rates ◽  
Commodity Prices ◽  
Primary Commodity

scholarly journals Real Exchange Rates and Primary Commodity Prices: Mussa Meets Backus-Smith

2021 ◽  
Author(s):  
João Ayres ◽  
Constantino Hevia ◽  
Juan Pablo Nicolini
Keyword(s):  
Exchange Rates ◽  
Incomplete Markets ◽  
Open Economy ◽  
International Economics ◽  
Real Exchange Rates ◽  
Commodity Prices ◽  
Economy Model ◽  
Primary Commodity ◽  
Economics Literature

We show that explicitly modeling primary commodities in an otherwise totally standard incomplete markets open economy model can go a long way in explaining the Mussa puzzle and the Backus-Smith puzzle, two of the main puzzles in the international economics literature.

scholarly journals Real Exchange Rates and Primary Commodity Prices

2019 ◽  
Author(s):  
João Ayres ◽  
Constantino Hevia ◽  
Juan Pablo Nicolini
Keyword(s):  
Exchange Rates ◽  
Real Exchange Rates ◽  
Commodity Prices ◽  
Primary Commodity

scholarly journals Real Exchange Rates and Primary Commodity Prices

2017 ◽  
Author(s):  
Joao Ayres ◽  
Constantino Hevia ◽  
Juan Pablo Nicolini
Keyword(s):  
Exchange Rates ◽  
Real Exchange Rates ◽  
Commodity Prices ◽  
Primary Commodity

Real Exchange Rates and Commodity Prices

1996 ◽  
Author(s):  
Dominique Yves Dupont ◽  
V. Hugo Juan-Ramon
Keyword(s):  
Exchange Rates ◽  
Real Exchange Rates ◽  
Commodity Prices

Purchasing Power Parity and the Law of One Price: Evidence from Commodity Prices in Asian Countries

2015 ◽  
Vol 15 (2) ◽  
pp. 231-240 ◽  
Author(s):  
Mohsen Bahmani-Oskooee ◽  
ABM Nasir
Keyword(s):  
Exchange Rates ◽  
Purchasing Power Parity ◽  
Real Exchange Rates ◽  
Strong Support ◽  
Commodity Prices ◽  
Law Of One Price ◽  
Purchasing Power ◽  
Power Parity ◽  
Industrial Countries ◽  
The Law

Almost all previous studies that have tested the law of one price or Purchasing Power Parity theory (PPP) have used either real effective exchange rates or bilateral real exchange rates which are constructed using CPI or PPI data. Most of these studies have failed to support the PPP mostly due to aggregation bias. A few recent studies, have, therefore used commodity prices in different countries and have provided strong support for the theory. These studies have mostly used data from industrial countries. In this paper, we use individual prices of 52 retail items from 15 cities in Asia and test for stationarity of the real exchange rate and speed of adjustment. We provide support for PPP in 63% of the cases. We also find that using individual prices lead to faster convergence of real rates toward their PPP values.

Real Exchange Rates and Commodity Prices

1996 ◽  
Vol 96 (27) ◽  
pp. 1 ◽  
Author(s):  
Dominique Yves Dupont ◽  
V. Hugo Juan-Ramon ◽  
◽  
Keyword(s):  
Exchange Rates ◽  
Real Exchange Rates ◽  
Commodity Prices
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