title: Real exchange rate stationarity in Latin America and relative purchasing power parity: A regime switching approach

authors: Holmes, Mark J.

subjects: Latin America

abstract: This paper tests for long-run purchasing power (PPP) among a sample of six Latin American economies. The key contribution of this paper is in terms of the econometric methodology where non-stationarity of the real exchange rate is tested within a Markov regime-switching framework. In contrast to existing studies, this paper defines two new concepts of PPP where one allows for the possibility that real exchange behaviour either switches between stationary and non-stationary regimes (partial PPP), or switches between stationary regimes characterised by differing degrees of persistence (varied PPP). Whereas standard univariate unit root testing suggests that Latin American real exchange rates are generally non-stationary, employment of the regime-switching methodology indicates that most of the sample is characterised by the existence of two distinct stationary regimes. Further analysis indicates that the high rates of inflation and exchange rate volatility experienced in Latin American have given some impetus towards facilitating long-run PPP.

text: Real exchange rate stationarity in Latin America and relative purchasing power parity: A regime switching approach This paper tests for long-run purchasing power (PPP) among a sample of six Latin American economies. The key contribution of this paper is in terms of the econometric methodology where non-stationarity of the real exchange rate is tested within a Markov regime-switching framework. In contrast to existing studies, this paper defines two new concepts of PPP where one allows for the possibility that real exchange behaviour either switches between stationary and non-stationary regimes (partial PPP), or switches between stationary regimes characterised by differing degrees of persistence (varied PPP). Whereas standard univariate unit root testing suggests that Latin American real exchange rates are generally non-stationary, employment of the regime-switching methodology indicates that most of the sample is characterised by the existence of two distinct stationary regimes. Further analysis indicates that the high rates of inflation and exchange rate volatility experienced in Latin American have given some impetus towards facilitating long-run PPP.

year: 2008

title: Shifting tides: New Zealand Surf Festival survey summary

authors: lisahunter

abstract: This report provides a summary of data collected at the New Zealand Home Loans Surf Festival that took place from 18 April to 4 May 2014 in Taranaki, Aotearoa/New Zealand. New events were injected into previous program line-ups (eg Women’s and Men’s Pro Juniors) and the previous Association of Surfing Professional’s (ASP) event, the World Championship Tour (WCT), was replaced with the World Qualifying Series (WQS).

text: Shifting tides: New Zealand Surf Festival survey summary This report provides a summary of data collected at the New Zealand Home Loans Surf Festival that took place from 18 April to 4 May 2014 in Taranaki, Aotearoa/New Zealand. New events were injected into previous program line-ups (eg Women’s and Men’s Pro Juniors) and the previous Association of Surfing Professional’s (ASP) event, the World Championship Tour (WCT), was replaced with the World Qualifying Series (WQS).

year: 2014

title: Maori perspectives of the environment: A review of spatial databases

authors: Whangapirita, Laura

subjects: Maori

abstract: As part of our broader brief to gather, summarise, analyse and distribute information held by Environment Waikato on Maori and the environment, we identified and analysed a number of spatial datasets managed by the Information Resource Group. This report has been prepared to contribute towards developing a resource fro Environment Waikato’s Strategic Plan Review Teams.

text: Maori perspectives of the environment: A review of spatial databases As part of our broader brief to gather, summarise, analyse and distribute information held by Environment Waikato on Maori and the environment, we identified and analysed a number of spatial datasets managed by the Information Resource Group. This report has been prepared to contribute towards developing a resource fro Environment Waikato’s Strategic Plan Review Teams.

year: 2003-11