purchasing power parity

Rudiger W. Dornbusch

11 citations0/0 files storedThe New Palgrave Dictionary of Economics

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Monetary Policy and Economic Impact Global Financial Crisis and Policies Economic Theory and Policy

Abstract

Purchasing Power Parity (PPP) is a theory of exchange rate determination. It asserts (in the most common form) that the exchange rate change between two currencies over any period of time is determined by the change in the two countries’ relative price levels. Because the theory singles out price level changes as the overriding determinant of exchange rate movements it has also been called the ‘inflation theory of exchange rates’. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

1976Expectations and Exchange Rate Dynamics 1964The Purchasing-Power Parity Doctrine: A Reappraisal 1964Theoretical Notes on Trade Problems 1962Domestic Financial Policies Under Fixed and Under Floating Exchange Rates 1918Abnormal Deviations in International Exchanges 1962Política financiera interna bajo sistemas de tipos de cambio fijos o de tipos de cambio fluctuantes 1984Why are Services Cheaper in the Poor Countries?1981Flexible Exchange Rates, Prices, and the Role of "News": Lessons from the 1970s

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