The Prolongation of Purchasing Power Parity Theory

摘要：

This essay introduces the traditional purchasing power parity theory briefly, based on the optimal equilibrium theory brings forward the prolongation of purchasing power parity theory. The original hypothesis of law of one price is substituded for price identity. Transcation costs are considered sufficiently and other factors that influence the change of exchange rates are analysed The positive studies of traditional purchasing power parity theory dont come into existence fully. This essay analyzes the causes of deviations, such as the lacuna of original theory, difficulties to high accuracy in the gross analysis, policy complication as well as the influence to exchange rate of capital flows.

关键词： Traditional Purchasing Power Parity Theory Prolongation of Purchasing Power Parity Theory Optimal Equilibrium Theory Price Identity Transaction Costs

作者: WANG Geping

作者单位: Zhejiang Forestry University

会议类型: 国际会议

会议名称: The 5th International Annual Conference on WTO and Financial Engineering(第五届WTO与金融工程国际会议)

会议地点: 杭州

会议语种:英文

页码: 933-948

在线出版日期: 2008-05-18（万方平台首次上网日期，不代表论文的发表时间）