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Intra-National, Intra-Continental, and Intra-Planetary PPP
1998
Social Science Research Network
This paper presents a general framework to address several issues that have arisen in recent work that investigates purchasing power parity (PPP) and other inter-regional relative price movements: (1) How can we model real exchange rate movements in a consistent manner, so that our model for the real exchange rate for country B relative to country C is commensurate with our models for country A/ country B and country A/ country C real exchange rates? For example, can things be modeled so that
doi:10.2139/ssrn.76928
fatcat:gzx6d3xkuncypism37y7muzo4a