The Purchasing Power Parity Puzzle
The Purchasing Power Parity Puzzle Kenneth Rogoff Journal of Economic Literature, Vol. 34, No. 2. (Jun., 1996), pp. 647-668.
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http://www.jstor.org Mon Sep 10 21:39:47 2007
Journal of Economic Literature Vol. XXXIV (June 1996), pp. 647-668
The Purchasing Power Parity Puzzle
KENNETHROGOFF
Princeton University
I am grateful to Rudiger Dornbusch, Hali Edison, ]ohn Rogers, Susanne Trimbath, and to three anonymous referees for constructive suggestions on an earlier draft, and to Brian Doyle and Giovanni Olivei for excellent research assistance. The National Science
Stable URL: http://links.jstor.org/sici?sici=0022-0515%28199606%2934%3A2%3C647%3ATPPPP%3E2.0.CO%3B2-S Journal of Economic Literature is currently published by American Economic Association.
Your use of the JSTOR archive indicates your acceptance of JSTOR 's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR 's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www.jstor.org/journals/aea.html. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission.
The JSTOR Archive is a trusted digital repository providing for long-term preservation and access to leading academic journals and scholarly literature from around the world. The Archive is supported by libraries, scholarly societies, publishers, and foundations. It is an initiative of JSTOR, a not-for-profit organization with a mission to help the scholarly community take advantage of advances in technology. For more information regarding JSTOR, please contact support@jstor.org.
http://www.jstor.org Mon Sep 10 21:39:47 2007
Journal of Economic Literature Vol. XXXIV (June 1996), pp. 647-668
The Purchasing Power Parity Puzzle
KENNETHROGOFF
Princeton University
I am grateful to Rudiger Dornbusch, Hali Edison, ]ohn Rogers, Susanne Trimbath, and to three anonymous referees for constructive suggestions on an earlier draft, and to Brian Doyle and Giovanni Olivei for excellent research assistance. The National Science
Citations: - Page 3 of 3 - International Comparisons of Pricing-to-Market Behavior Michael M. Knetter The American Economic Review, Vol. 83, No. 3. (Jun., 1993), pp. 473-486. Stable URL: http://links.jstor.org/sici?sici=0002-8282%28199306%2983%3A3%3C473%3AICOPB%3E2.0.CO%3B2-U Was it Real? The Exchange Rate-Interest Differential Relation Over the Modern Floating-Rate Period Richard Meese; Kenneth Rogoff The Journal of Finance, Vol. 43, No. 4. (Sep., 1988), pp. 933-948. Stable URL: http://links.jstor.org/sici?sici=0022-1082%28198809%2943%3A4%3C933%3AWIRTER%3E2.0.CO%3B2-E Exchange Rate Dynamics Redux Maurice Obstfeld; Kenneth Rogoff The Journal of Political Economy, Vol. 103, No. 3. (Jun., 1995), pp. 624-660. Stable URL: http://links.jstor.org/sici?sici=0022-3808%28199506%29103%3A3%3C624%3AERDR%3E2.0.CO%3B2-6 NOTE: The reference numbering from the original has been maintained in this citation list.