‘This book makes a major contribution to the literature on purchasing power parities (PPPs). It is the latest in a flow of important studies which started in 1940. The eminent contributors are mainly concerned with presenting new methods of estimation, rather than new estimates of world performance. Purchasing Power Parities of Currencies contains 13 essays. Most are concerned with complicated problems now at the cutting edge of PPP measurement, with innovative suggestions for sophisticated improvements of present techniques of estimating PPPs. When the World Bank PPP estimates for 2011 emerge, readers of the book will be well equipped to scrutinize its methodological approach with a critical eye.’
– Angus Maddison, United Nations University-MERIT, Maastricht and University of Groningen, Netherlands
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Contributors: B. Aten, B. Balk, J. Cuthbert, E. Diewert, S. Dowrick, L. Dwyer, P. Forsyth, A. Heston, R. Hill, Y. Kurabayashi, D.S. Prasada Rao, D. Roberts, I. Sakuma, S. Sergeev, M. Timmer, B. van Ark, M. Ward
