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The purchasing power parity debate

By:

Taylor, Alan M

Material type: Text

TextPublication details: 2004Action note:

8/24/06 JOYD

Summary: Opines that short-run purchasing power parity (PPP) does not hold and that long-run PPP may hold in the sense that there is significant mean reversion of the real exchangge rate, although there may be factors impinging on the equilibrium real exchange rate through time.

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Item type	Current library	Status	Barcode
Analytic	CARICOM Documentation Centre	Available	0000000023771

Opines that short-run purchasing power parity (PPP) does not hold and that long-run PPP may hold in the sense that there is significant mean reversion of the real exchangge rate, although there may be factors impinging on the equilibrium real exchange rate through time.

8/24/06 JOYD

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