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Keywords:Purchasing power 

Journal Article
Purchasing power parity within the United States

Economics has many articles of faith. One of the most dearly held is Purchasing Power Parity, which posits that the price of the same good in different regions should be equivalent when no barriers to arbitrage exist. Because Purchasing Power Parity (PPP) is an important assumption in much of international economic theory, this article examines empirical evidence testing this proposition. ; Instead of analyzing international data, this study analyzes PPP between regions of the United States. By comparing regions within a country, it eliminates many of the hypotheses offered to explain the ...
New England Economic Review , Issue Jul , Pages 15-24

Journal Article
Supersize me

Consumption trends suggest middle class continuing to get ahead.
Fedgazette , Volume 20 , Issue Sep , Pages 6-8

Journal Article
The inflation tax and the marginal welfare cost in a world of currency and deposits

Review , Issue Jul , Pages 67-71

Journal Article
Is purchasing power parity a useful guide to the dollar?

Economic Review , Volume 77 , Issue Q III , Pages 37-51

Journal Article
Hypothesis testing with near-unit roots: the case of long-run purchasing-power parity

Review , Issue Jul , Pages 37-48

Journal Article
For here or to go? Purchasing power parity and the Big Mac

Review , Volume 78 , Issue Jan , Pages 3-22

Working Paper
Purchasing power parity and uncovered interest rate parity: the United States 1974-1990

This paper examines the factors behind long-run movements of the dollar. Most recent work has concluded that structural exchange rate models explain only a small proportion of exchange rate movements. However, many economists still find the theory that links exchange rates and interest rates persuasive. We investigate the relationship between exchange rates, prices, and interest rates using multivariate maximum likelihood cointegration tests. In particular, we explicitly test for purchasing power parity and uncovered interest rate parity when using nominal exchange rates, and implicitly test ...
International Finance Discussion Papers , Paper 425

Journal Article
Jargon alert: Inferior goods

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Econ Focus , Volume 13 , Issue Sum , Pages 8

Journal Article
Income: up or down?

FRBSF Economic Letter

Journal Article
Real wages in the 1980s

FRBSF Economic Letter



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