Changes to the October 2024 Database Following the recent release of the 2021 survey by the World Bank Group’s International Comparison Program for new purchasing-power-parity benchmarks, the WEO’s ...

According to the theory of purchasing-power parity, a currency’s fundamental value reflects the amount of goods and services it can buy, including burgers. If the price of the Big Mac rises, the ...

This paper employs various empirical methods to test the Purchasing Power Parity (PPP) hypothesis in West and Central Africa, considering countries within the WAEMU, CEMAC, CFA, and ECOWAS currency ...

Purchasing Power Parity (PPP) remains a cornerstone of international economics, positing that in the long run exchange rates should adjust so that identical goods and services cost the same across ...

The notion of purchasing power parity has been an important building block in the theory of nominal and real exchange rates and for many theoretic models in international economics, leading to the ...