Purchasing Power Parity Teori dan Perkembangan Model Empiris
| Main Author: | Rahutami, Angelina Ika |
|---|---|
| Format: | Monograph NonPeerReviewed Book |
| Bahasa: | eng |
| Terbitan: |
Unika Soegijapranata
, 2011
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| Subjects: | |
| Online Access: |
http://repository.unika.ac.id/14255/1/Workingpaper_Purchasing_Power_Parity_Teori_dan%20Perkembangan_Model_Empiris_2011.pdf http://repository.unika.ac.id/14255/ |
Daftar Isi:
- Purchasing Power Parity (PPP) is one of the oldest topics and most widely studied in the international economics. PPP theory (which sometimes is known as The law of One Price) provides that the exchange rate adjusts over time to accommodate the differences in inflation among countries. Theoritically, the long-run PPP is a model that determines the equilibium level of exchange rate. This paper discussed the theory of PPP, the problems that occr in it as well as the development of empirical modelling. This theory was developed by Gustav Cassel. Gustav Cassel introduced the use of PPP as a basis for setting the exchange rate. PPP links the exchange rate with commodity prices in the domestic curency in international market. There are sp many previous empirical studies to prove whether the concept of PPP occurred in exchange rate or not. In general, the previous researche results were ambiguous, where many of the findings rejected of the PPP concept, but may studies did not reject.