Titlebook: Essays in Economic History; Purchasing Power Par Lawrence H. Officer Book 2022 The Editor(s) (if applicable) and The Author(s), under exclu

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Bretton Woods Systemulti-varied views of the Bretton Woods regime exposited by the participants at the conference. The review ends with implicit harsh criticism of Bretton Woods, to the point that the system should be buried forever.

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https://doi.org/10.1007/978-3-031-34063-5wer-parity [PPP] theory. The Salamancans are the victors, for two reasons. First, they wrote their pertinent treatises prior to Malynes’ work on the topic. Second, the best of the Salamancans present a complete model of PPP, whereas Malynes has only the ingredients of the theory and does not put the

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Elizabeth P. Cato,Erko Stackebrandtedecessor of Cassel, no contemporary, no later author implanted the PPP theory so broadly and firmly in the economics profession. This chapter presents a thorough discussion of Cassel’s role in the literature. Both his theory and his policy prescriptions are covered.

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灵敏

Henning Sommermeyer,Jacek Piątekn their personal lives—the Salamancans being professors and theologians while Malynes was a businessman who would skirt the law and even violate it. An amendment to my critique of Michaely’s view of Cassel’s theory is offered, and later studies that apply purchasing power parity to economic history

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,: No Longer an Enigmatic Pathogen? aggregation, a model is developed to test equality of the prices of tradables and nontradables domestically and equality of the price of tradables internationally. The disaggregative approach exhibits biases that lead to rejection of the law of one price. In contrast, the results of the aggregative

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