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150128 ||| eng |
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|a 9781451940565
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|a Taylor, Mark
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|a Long-Run Purchasing Power Parity and the Dollar-Sterling Exchange Rate in the 1920's
|c Mark Taylor
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1990
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| 300 |
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|a 25 pages
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| 651 |
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4 |
|a United Kingdom
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| 653 |
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|a Price indexes
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| 653 |
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|a Inflation
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| 653 |
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|a Econometric analysis
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| 653 |
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|a Deflation
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| 653 |
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|a Purchasing power parity
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| 653 |
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|a Currency
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| 653 |
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|a Price Level
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| 653 |
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|a Foreign Exchange
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| 653 |
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|a Econometric and Statistical Methods: General
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| 653 |
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|a Prices
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Wholesale price indexes
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| 653 |
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|a Econometrics
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| 653 |
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|a Exchange rates
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| 653 |
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|a Econometrics & economic statistics
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| 653 |
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|a Foreign exchange
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| 041 |
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|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781451940565.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/1990/118/001.1990.issue-118-en.xml?cid=3815-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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| 520 |
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|a This paper replies to Ahking’s (1990) re-examination of Taylor and McMahon’s (1988) analysis of long-run purchasing power parity in the 1920s. We demonstrate that Ahking’s conclusions are only partially correct and reestablish our conclusion that, a form of long-run purchasing-power parity did in fact hold for dollar-sterling during this period. The new results are also employed to gauge the degree of overvaluation of sterling relative to the imposed prewar parity of $4.86 upon its return to gold and for 12 months afterwards
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