Purchasing Power Parity

Edited by Meher Manzur, Associate Professor, School of Business and Law, Edith Cowan University, Australia

’. . . the compendium is worth reading by anyone who is interested in the understanding, history, importance and the empirical evidence of the ppp.’

• Contents:AcknowledgementsIntroduction Meher Manzur and Felix Chan1. Gustav Cassel (1916), ‘The Present Situation of The Foreign Exchanges’2. Gustav Cassel (1920), ‘Further Observations on the World’s Monetary Problem’3. Yihui Lan (2002), ‘The Explosion of Purchasing Power Parity’4. Bela Balassa (1964), ‘The Purchasing-Power Parity Doctrine: A Reappraisal’5. Paul A. Samuelson (1964), ‘Theoretical Notes on Trade Problems’6. Peter Isard (1977), ‘How Far Can We Push the “Law of One Price”?’7. Jacob A. Frenkel (1978), ‘Purchasing Power Parity: Doctrinal Perspective and Evidence from the 1920s’8. Michael Adler and Bruce Lehman (1983), ‘Deviations from Purchasing Power Parity in the Long Run’9. Dean Corbae and Sam Ouliaris (1988), ‘Cointegration and Tests of Purchasing Power Parity’10. Craig S. Hakkio (1984), ‘A Re-examination of Purchasing Power Parity: A Multi-Country and Multi-Period Study’11. Niso Abuaf and Philippe Jorion (1990), ‘Purchasing Power Parity in the Long Run’12. Meher Manzur (1990), ‘An International Comparison of Prices and Exchange Rates: A New Test of Purchasing Power Parity’13. James R. Lothian and Mark P. Taylor (1996), ‘Real Exchange Rate Behavior: The Recent Float from the Perspective of the Past Two Centuries’14. Jeffrey A. Frankel and Andrew K. Rose (1996), ‘A Panel Project on Purchasing Power Parity: Mean Reversion Within and Between Countries’15. Panos Michael, A. Robert Nobay and David A. Peel (1997), ‘Transactions Costs and Nonlinear Adjustment in Real Exchange Rates: An Empirical Investigation’16. Mark P. Taylor and Lucio Sarno (1998), ‘The Behaviour of Real Exchange Rates during the Post-Bretton Woods Period’17. Charles Engel (2000), ‘Long-Run PPP May Not Hold After All’18. Li Lian Ong (1997), ‘Burgernomics: The Economics of the Big Mac Standard’19. Kenneth Rogoff (1996), ‘The Purchasing Power Parity Puzzle’Name Index