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Jean-François Hoarau
''Testing PPP for Central American real exchange rates. Evidence from new panel data stationary tests with structural breaks''
( 2008, Vol. 6 No.21 )
The new panel data stationary test with multiple structural breaks developed by Carrion-i-Silvestre, Del Barrio-Castro and Lopez-Bazo (2005) is used along with standard stationary tests to study the long-run PPP hypothesis in a set of six Central American countries for the period 1976:1-2006:4. Contrary to standard tests, this new procedure provides strong support for PPP.
JEL: F3 - International Finance: General
Manuscript Received : Jan 19 2008 Manuscript Accepted : May 19 2008

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