Tipo de cambio de paridad: algunas estimaciones para la economía argentina

Abstract

This paper presents some econometric and non-econometric relations that prove whether the purchasing power parity (PPP) hypothesis is adequate for analysing the exchange rate variations in the Argentine economy. It is proved that in the long run, the official exchange rate behaves approximately as foreseen by the PPP hypothesis, although not necessarily reflecting the equilibrium parity. The use of the PPP should help to reduce exchange rate disequilibriums and cyclical economic fluctuations.