but little difference to estimates of aggregate growth in advanced countries. The per capita income gap between the richest and poorest countries is modestly reduced under PPP exchange rates (although ...

Being able to forecast exchange rates provides ... forecasts. Purchasing power parity is a macroeconomic theory that compares ...

PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by controlling for differences in price levels between ... PPP-based ...

PPPs control for differences in price levels between economies and equalize the purchasing ... the ratio of an economy’s PPP to its market exchange rate. As such, PPPs are used in many analyses, and ...