重要事項 Import Notes

重要事項 Import Notes
修習國際金融專題學生,
請務必參見 課程網頁維護重要事項 Import Notes
Registered students MUST see the Import Notes

2011-11-13

Is The Purchasing Power Parity Supported by the Data?

1. Source :
Guang Fang, “  Is The Purchasing Parity Supported by the Data?”, Massey University, Palmerston North Campus, manwatu, New Zealand. Chinese Business Review, ISSN, 1537-1506, Feb2011, Vol.10, No. 2, 84-89.

2.Theoretical basic :

Purchasing Power Parity

3. Methodology :

-  Formula of the relative PPP 
-  Linear regression model : Analysis of the data and the regression results. Then using these results into testing the relative PPP theory and the real exchange rates.

4. Data collection:

The quarterly selected data contains the exchange rate of US dollar against New Zealand during a time period between September, 30th 1914 to March 31st 2010.

5. Empirical result:

The PPP theory is not supported by the data. However, the long-run PPP does hold.
6. Difficulty and Problems :

 The data for this paper is collected quarterly from 1914 to end of 2010. I want to imitate this paper and use the data of USA and Taiwan instead. However, as limitation on finding data, I could just only get the annually data, not quarterly as original paper, and the time horizon would be shorter, from 1981 to end of 2010.
張貼者： 於 沒有留言:
標籤： , ,
訂閱： 文章 (Atom)

PO 文注意事項 (Notes about your posts required for this course)

每位同學必需建立與維護 2 個網頁: (updated on 2010.9.19)
Every registered student MUST post and maintain TWO pages at this site.

1. 你的期末報告想要仿照的原始 paper 重點摘要頁, 見 [範例]
A summary of the paper you choose to follow in your term-project. (see a suggestive [summary example ]).

2. 你的學習紀錄頁, 見 [範例]
A "learning weblog" of your progress during this course (see [example]). This example is demonstrative rather than required to conform to.

3. 記得每一頁要在頁尾處輸入你的「標籤」, 包含學號後5碼, 名字或暱稱, 和 其它你自訂的關鍵字, 例 ADF、共整合、PPP、等
When you edit your pages, be sure to write appropriate "Tags" (as many as you wish) (around the bottom of editing screen) for your posted pages to let me identify your required contributions. The tags should at least include your last 5-digit student ID and keywords about the page.

4. 請同學在你所選的 paper 加上標籤:「已選」
If you have already decided a paper to follow and post a page for it. Please be sure to attach that page a specific tag named "selected or 已選." It is of course possible that two or more students may choose the same paper to follow as their term-project. BUT only one of them can be authorized to follow the specific paper. The decision will be based on a first-come-first-serve rule. That is, the one who posts the summary page of a paper gets the first priority to follow that paper posted with a tag named"selected" paper .

5. 在你的 學習紀錄頁加上標籤:「學習記事」
Don't forget to stick a tag "weblog" with your "learning weblog" page in addition to your last 5-digit student ID.


== Posted on 2009.10.05 ==
請同學在你所選的 paper 加上標籤:「已選」
在你的 學習紀錄頁加上標籤:「學習記事」