The purchasing power parity debate
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TextPublication details: 2004Action note: - 8/24/06 JOYD
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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