00523nam a2200121Ia 4500 20260716043726.0 Taylor, Alan M. The purchasing power parity debate 2004 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 A 53091 53091