IMF Applications of Purchasing Power Parity Estimates
AbstractThe IMFâ€™s main uses of the International Comparison Programâ€™s (ICP) estimates of purchasing power parity (PPP)-adjusted Gross Domestic Product (GDP) are as an element of the formula used to help guide decisions on its membersâ€™ quotas and in the World Economic Outlook (WEO). The paper outlines these uses and considers measurement issues particularly salient to IMF usage including: PPP imputations for member countries not participating in the ICP; PPP estimates for non-benchmark years; timeliness and periodicity of PPP estimates; economy groupings; and transparency. The paper was written as a chapter on ?IMF uses of PPPs? for the 2011 ICP Handbook.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 10/253.
Date of creation: 01 Nov 2010
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- NEP-ALL-2010-12-04 (All new papers)
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