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What is the theory of purchasing power parity? Does the theory successfully explain all long run exchange rate movements? What are some reasons that it
- What is the theory of purchasing power parity? Does the theory successfully explain all long run exchange rate movements? What are some reasons that it might not always explain such movements?
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
11th Edition
134519574, 9780134521046 , 978-0134519579
