An economic theory that a specific product sold in two different countries should have the same relative value in two different currencies. The Economist’s Big Mac Index is the most well known example ...

Purchasing Power Parity is the rate at which the currency of one country would have to be converted into that of another country to buy the same amount of goods and services in each country. For ...

Ever wonder why a McDonald’s burger costs much more in the US than in India? Of course, because people earn higher incomes on average in the US. But the technical term for this is purchasing power ...

Hegwood and Papell (2002) conclude on the basis of analysis in a linear framework that long-run purchasing power parity (PPP) does not hold for 16 real exchange rate series, which were analyzed in ...

This paper examines the purchasing power parity (PPP) hypothesis for the post-Bretton Woods era including the period after the introduction of the euro. The study applies a new nonlinear unit root ...

According to the International Monetary Fund (IMF), India ranks as the third-largest economy in the world based on Purchasing Power Parity (PPP). PPP is a measure that accounts for exchange rate ...

ST. PETERSBURG, November 17. /TASS/. Russia has outpaced Germany in terms of the purchasing power parity and such trends will only grow, President Vladimir Putin said at the St. Petersburg ...