Purchasing power parity in the 1920s: evidence for the Swiss franc

被引：2

作者：

Bleaney, M ^{[1
]}

机构：

[1] Univ Nottingham, Dept Econ, Nottingham NG7 2RD, England

来源：

APPLIED ECONOMICS LETTERS | 1998年 / 5卷 / 04期

关键词：

D O I：

10.1080/135048598354898

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Tests of purchasing power parity (PPP) are applied to bilateral rates against the Swiss franc for the period of floating exchange rates in the 1920s. The results confirm that the exchange rates of high-inflation currencies tended to move in line with PPP. For low inflation currencies, however, there tended to be underadjustment of nominal exchange rates to relative price movements.

引用

页码：239 / 241

页数：3

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