Purchasing Power Parity (PPP) remains a cornerstone of international economics, positing that in the long run exchange rates should adjust so that identical goods and services cost the same across ...

This research evaluates the effect of monetary policy rate and exchange rate on inflation across continents using both Frequentist and Bayesian Generalized Additive Mixed Models (GAMMs). Extending an ...

The Presidency has described as unrealistic and detached from the country’s economic realities, the latest economic report by ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation We offer a unifying empirical model of covered and uncovered currency premia, interest rates and spot and forward exchange ...

What is the value of a country’s goods against those of another country, a group of countries, or the rest of the world, at the prevailing exchange rate? How does one determine whether a currency is ...