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I am grateful to Anne Case, Richard Chiburis, Scott Fulford, D. S. Prasada Rao, and Martin Ravallion for comments on an earlier version. I owe a special debt to Erwin Diewert for detailed comments...
Gross domestic product (GDP) measures the volume of goods and services produced by a nation. By adjusting this measure to reflect movements in the terms of trade, command GDP describes the purchasing ...
There is no clear relationship between changes in the purchasing power of wages and salaries and the business cycle; changes in purchasing power reflect the greater volatility of price, rather than wa...
Purchasing power parities determine expenditures for real gross domestic product among countries without the use of the exchange rate to convert currencies; parities more accurately reflect the rate a...
Because exchange rate movements, in general, tend to be more volatile than changes in national price levels, the purchasing power parity approach provides the proper basis for comparing living standa...
This paper builds a bridge between two literatures, that on purchasing power parity (PPP) exchange rates, which is an extension of national income accounting, and that on poverty measurement, which is...

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