A Reexamination of Purchasing Power Parity: A Multicountry and Multiperiod Study
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This paper presents a systematic analysis of the purchasing power parity hypothesis (PPP). This hypothesis states that the exchange rate is equal to the ratio of the domestic price level to the foreign price level. It has recently been argued that PPP performs poorly in the 1970s. This paper
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美国国家经济研究局创建时间：
1982-03-01
