Caroline Herrell, Owen F. Humpage
Abstract
In terms of purchasing power parity, the dollar seems a tad undervalued these days, but that does not mean it will soon appreciate. Exchange rates can deviate from their purchasing-power-party levels for long periods. What’s more, the necessary adjustment can come through prices, not exchange rates
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In terms of purchasing power parity, the dollar seems a tad undervalued these days, but that does not mean it will soon appreciate. Exchange rates can deviate from their purchasing-power-party levels for long periods. What’s more, the necessary adjustment can come through prices, not exchange rates
Key concepts: Purchasing power parity, Liberian dollar, Relative purchasing power parity, Purchasing, Purchasing power, Economics, Monetary economics, Parity (physics)