Caporale, G.M., Kalyvitis, S. and Pittis, N. (2001) Testing for PPP and UIP in an FIML Framework: Some Evidence for Germany and Japan. Journal of Policy Modeling, 23, 637-650.
https://doi.org/10.1016/S0161-8938(01)00078-3

has been cited by the following article:

• TITLE: Longer Data, Less “CHEER”—Case Study of Yen-Dollar Exchange Rate

  AUTHORS: Yan Zhao, Shen Guo, Zhiqiang Ye

  KEYWORDS: PPP, UIP, CHEER, Exchange Rate

  JOURNAL NAME: Modern Economy, Vol.10 No.9, September 12, 2019

  ABSTRACT: This paper compares CHEER approach in both short-run (since 1973) and long-run (since 1870) with the yen-dollar exchange rate. The most important result is that CHEER is valid only in the period when the international capital market is developed enough. Historical data will render the interest rate parity insignificant and thus CHEER will fail. Also, the paper demonstrates that when either PPP or UIP fails, modification of the cointegration variables improves the power of the CHEER test.