A Prism into the PPP Puzzles: The Micro-foundations of Big Mac Real Exchange Rates
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The real exchange rate (RER) has been called the single most important price, yet its behavior exhibits several puzzles. In this project, we use Big Mac prices as a unique prism to study the movement of real exchange rates. Part of our innovation is to match these prices to the prices of individual
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美国国家经济研究局创建时间：
2003-11-01
