00476nam a2200097Ia 450000500170000010000200001724500390003726000090007652002750008558300180036020260716043726.0 aTaylor, Alan M. aThe purchasing power parity debate c2004 aOpines 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. c8/24/06kJOYD