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A Review of PPP-Adjusted GDP Estimation and its Potential Use for the Fund's Operational Purposes

A Review of PPP-Adjusted GDP Estimation and its Potential Use for the Fund's Operational Purposes »

Source: A Review of PPP-Adjusted GDP Estimation and its Potential Use for the Fund's Operational Purposes

Volume/Issue: 1995/18

Series: IMF Working Papers

Author(s): Nancy Wagner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1995

ISBN: 9781451843613

Keywords: purchasing power parity, civil service

International comparison of economic aggregates, expressed in domestic currencies, requires their conversion into a common numeraire currency such as the U.S. dollar or the SDR. Since market (or official) exchange...

Inflation, Money Demand, and Purchasing Power Parity in South Africa

Inflation, Money Demand, and Purchasing Power Parity in South Africa »

Source: Inflation, Money Demand, and Purchasing Power Parity in South Africa

Volume/Issue: 1999/122

Series: IMF Working Papers

Author(s): Gunnar Jonsson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1999

ISBN: 9781451854473

Keywords: money demand, purchasing power parity, cointegration, monetary policy, real output

This empirical study for South Africa indicates that there exists a stable money demand type of relationship among domestic prices, broad money, real income, and interest rates, as well as a long-run relationship a...

A Review of PPP-Adjusted GDP Estimation and its Potential Use for the Fund's Operational Purposes

A Review of PPP-Adjusted GDP Estimation and its Potential Use for the Fund's Operational Purposes »

Volume/Issue: 1995/18

Series: IMF Working Papers

Author(s): Nancy Wagner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1995

DOI: http://dx.doi.org/10.5089/9781451843613.001

ISBN: 9781451843613

Keywords: purchasing power parity, civil service

International comparison of economic aggregates, expressed in domestic currencies, requires their conversion into a common numeraire currency such as the U.S. dollar or the SDR. Since market (or official) exchange...

The Law of One Price Over 700 Years

The Law of One Price Over 700 Years »

Source: The Law of One Price Over 700 Years

Volume/Issue: 2001/174

Series: IMF Working Papers

Author(s): Kenneth Rogoff , Kenneth Froot , and Michael Kim

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2001

ISBN: 9781451858693

Keywords: purchasing power parity, exchange rates, exchange rate, time series, missing observations, statistics, Parity Exchange Rates,

This paper examines annual commodity price data from England and Holland over a span of seven centuries. Our data incorporates transaction prices on seven commodities: barley, butter, cheese, oats, peas, silver, an...

Does the Long-Run Ppp Hypothesis Hold for Africa? Evidence From Panel Co-Integration Study

Does the Long-Run Ppp Hypothesis Hold for Africa? Evidence From Panel Co-Integration Study »

Source: Does the Long-Run Ppp Hypothesis Hold for Africa? Evidence From Panel Co-Integration Study

Volume/Issue: 1998/123

Series: IMF Working Papers

Author(s): Jun Nagayasu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1998

ISBN: 9781451854589

Keywords: Purchasing Power Parity, co-integration, exchange rates, exchange rate, statistics, exchange rate regimes, parallel exchange rates

This paper addresses whether parallel market exchange rates in Africa behave in the long run in a manner consistent with the purchasing power parity (PPP) hypothesis. A recent econometric method, the panel co-integ...

Measuring Misalignment

Measuring Misalignment »

Source: Measuring Misalignment : Purchasing Power Parity and East Asian Currencies in the 1990s

Volume/Issue: 1999/120

Series: IMF Working Papers

Author(s): Menzie Chinn

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1999

ISBN: 9781451854251

Keywords: exchange rate, purchasing power parity, overvaluation, cointegration, exchange rates, real exchange rates, real exchange rate

The concept of purchasing power parity (PPP) is used to evaluate whether eight East Asian currencies were overvalued on the eve of the 1997 crises. The Johansen and Horvath-Watson cointegration test procedures are...

The Purchasing Power Parity Criterion for Stabilizing Exchange Rates

The Purchasing Power Parity Criterion for Stabilizing Exchange Rates »

Source: The Purchasing Power Parity Criterion for Stabilizing Exchange Rates

Volume/Issue: 1989/52

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 June 1989

ISBN: 9781451970166

Keywords: ppp, exchange rate, exchange rates, purchasing power parity, nominal exchange rate

The use of purchasing power parity as a basis of fixing exchange rates among industrial countries, as proposed by McKinnon, is discussed and contrasted with alternative interpretations of the PPP doctrine. Major po...

Purchasing Power Parities in Five East African Countries

Purchasing Power Parities in Five East African Countries »

Source: Purchasing Power Parities in Five East African Countries : Burundi, Kenya, Rwanda, Tanzania, and Uganda

Volume/Issue: 1998/148

Series: IMF Working Papers

Author(s): Noureddine Krichene

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1998

ISBN: 9781451856798

Keywords: Purchasing power parity, competitiveness, cointegration analysis, exchange rates, exchange rate, real exchange rates, nominal exchange rates, inflation, Tanzania, United Republic of,

In a case study of Burundi, Kenya, Rwanda, Tanzania, and Uganda, this paper finds that bilateral real exchange rates revert to a long-term equilibrium in line with purchasing power parities, implying that these cou...

Long-Run Exchange Rate Dynamics

Long-Run Exchange Rate Dynamics »

Source: Long-Run Exchange Rate Dynamics : A Panel Data Study

Volume/Issue: 1999/50

Series: IMF Working Papers

Author(s): Karl Habermeier , and Mario Mesquita

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1999

ISBN: 9781451846959

Keywords: Exchange Rates, Panel Data Econometrics, Purchasing Power Parity (PPP), Balassa-Samuelson Effect, Terms of Trade, exchange rate, real exchange rates, real exchange rate, inflation

Long-run movements of real exchange rates are studied using a panel data set comprising 51 economies. The purchasing power parity hypothesis (PPP) is examined first using unit root tests. It is found that PPP does...

Global Economic Governance

Global Economic Governance »

Source: Global Economic Governance : IMF Quota Reform

Volume/Issue: 2011/208

Series: IMF Working Papers

Author(s): Arvind Virmani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2011

ISBN: 9781463902186

Keywords: Quota Reform, Economic Sovreignity, Voice, International Monetary Fund (IMF), world economy, world growth, purchasing power parity, external trade, International Monetary Arrangements and Institutions

The paper examines the principles on which a reform of a Quota based global economic institution like the IMF must be based, taking account of both the relative economic power of countries and the need for voice an...