On 8/5/2004 Sam Pawlett wrote:
One thing I've never understood about PPP, is it an attempt to measure
-what it is like living in a poor country- or is the idea more modest as
the above paragraph suggests trying to demonstrate what the market
equivalent amount of currency buys in a given country?
On 8/7/2004 Mike Lebowitz wrote:
I
don't know anything myself about the way the PPP is constructed or the
neoclassical assumptions that Paul proposed were used. Intuitively,
though, it makes real sense to select the PPP measure (ie., something
that takes into account prices) over one using market
I
don't know anything myself about the way the PPP is constructed or the
neoclassical assumptions that Paul proposed were used. Intuitively,
though, it makes real sense to select the PPP measure (ie., something
that takes into account prices) over one using market exchange rates.
Eg., according
