Student or educator? Sign up with your school email and get 6 months of Pro free.
CoChat
Sign Up
Cited by 678

The DOI matches its Crossref record; 9 of the 9 references it cites were found in a registry or an index.

A panel project on purchasing power parity: Mean reversion within and between countries

Open access
Frankel, Jeffrey A., Rose, Andrew K.·1996·Journal of International Economics
DOI 10.1016/0022-1996(95)01396-2
Open this paper in CoChat — free account

Abstract

Previous time-series studies have shown evidence of mean-reversion in real exchange rates. Deviations from purchasing power parity (PPP) appear to have half-lives of approximately four years. However, the long samples required for statistical significance are unavailable for most currencies, and are potentially inappropriate because of regime changes. In this study, we re-examine deviations from PPP using a panel of 150 countries and 45 annual post WWII observations. Our panel shows strong evidence of mean-reversion that is similar to that from long time-series. PPP deviations are eroded at a rate of approximately 15 percent annually, i.e.,

Overview

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Integrity signals

Registry

Crossref · 10.1016/0022-1996(95)01396-2

Cites

9 of 9 references verified0 citation errors · 0 not checkable

Statistics

Verification

Claims the paper makes

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Self-check

Percentages, sums and reported differences re-computed from the paper’s own numbers.

The self-check needs the paper’s full text.

Citations

Cites

Show all 9 references

Cited by

See all 678

Metadata

Authors
Frankel, J. A., & Rose, A. K.
Venue
Journal of International Economics
Publisher
Elsevier BV
Published
1996-02
Volume
40
Issue
1-2
Pages
209-224
ISSN
0022-1996 (ISSN-L)
DOI
10.1016/0022-1996(95)01396-2
OpenAlex
W2890554530
Cited by
678
References
9
FWCI
95.31
Type
journal article
Language
en
Open access
green

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review

How to cite

Cite CoChat for the checks on this page, and the paper for its own findings.

This page
CoChat. (2026). Citation check: A panel project on purchasing power parity: Mean reversion within and between countries. https://app.cochat.ai/papers/10.1016/0022-1996(95)01396-2
The paper
Frankel, J. A., & Rose, A. K. (1996). A panel project on purchasing power parity: Mean reversion within and between countries. Journal of International Economics. https://doi.org/10.1016/0022-1996(95)01396-2

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.