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Do Purchasing Power Parity Exchange Rates Mislead on
Incomes? The case of China*
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Dec 5th 2017, C.P. Chandrasekhar
and Jayati Ghosh
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The
use of exchange rates based on Purchasing Power Parities
(PPPs) to compare incomes across countries and over
time is now standard practice. But this may lead to
excessively inflated incomes for poorer countries and
not capture the real changes over time.
*
This
article was originally published in the Business Line
on December 4, 2017.
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