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Development of R&D Purchasing Power Parities

open access: yesDevelopment of R&D Purchasing Power Parities
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The evolution of purchasing power parity

Journal of International Money and Finance, 2020
Abstract A large body of literature in international finance has attempted to estimate the speed of convergence between countries’ aggregate price indices to those levels predicted by purchasing power parity (PPP). This paper takes a novel approach by considering how this speed of convergence itself has evolved over time.
Collin Rabe, Andrea Waddle
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