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Author:Husted, Steven 

Discussion Paper
Real exchange rates under the gold standard

Purchasing power parity is one of the most important equilibrium conditions in international macroeconomics. Empirically, it is also one of the most hotly contested. Numerous recent studies, for example, have sought to determine the validity of purchasing power parity using data from the post-Bretton-Woods float and have reached different conclusions. We assert that most such studies are flawed for two reasons. First, the post-1973 data contain, by definition, only a very limited amount of the low-frequency information relevant for examination of long-run parity. Second, the dynamic ...
Discussion Paper / Institute for Empirical Macroeconomics , Paper 32

Working Paper
Patterns and determinants of inefficiency in state manufacturing

A study of whether states differ in terms of technical inefficiency in their manufacturing sectors.
Working Papers (Old Series) , Paper 8603

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