erc/metu
INTERNATIONAL CONFERENCE IN ECONOMICS  IV
September 13-16, 2000, Ankara

Purchasing Power Parity and Exchange Rates

Mark Taylor (Warwick University and CEPR, UK)

Abstract

Mark Taylor will provide an overview of research on purchasing power parity and exchange rates, beginning in ancient times, progressing through the history of thought on the topic through the Middle Ages, the contribution of the sixteenth century Salamanca School and the later bullionist debates of the eighteenth and nineteenth centuries, and ending with a criticial analysis of the recent and current academic literature. He will also discuss Rogoff's 'purchasing power parity puzzle' and suggest a solution to the puzzle based upon his own recent research.

Economic Research Center
Middle East Technical University
06531 Ankara Turkey
Phone: + 90 312 210 3044, 210 2003
Fax: +90 312 210 1244
e-mail: metuerc@metu.edu.tr