Source: http://thebadeconomist.com/2011/03/13/purchasing-power-parity-and-real-exchange-rates/
Saturday, 1 October 2011
Purchasing Power Parity and Real Exchange Rates
In an earlier post, I talked about purchasing power through the lens of Beerflation. (Again, hat tip to James at the Supine Bovine.) There, purchasing power was used to compare the relative values of the minimum wage in the past to the minimum wage now. Another way we can use purchasing power is to compare [...]
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