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IMF Applications of Purchasing Power Parity Estimates

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Author Info

  • Mick Silver

Abstract

The IMF’s main uses of the International Comparison Program’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 members’ 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 Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 10/253.

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Length: 19
Date of creation: 01 Nov 2010
Date of revision:
Handle: RePEc:imf:imfwpa:10/253

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Related research

Keywords: Purchasing power parity; International Monetary Fund; Quotas; Economic indicators; Quota distribution; Quota formulas; World Economic Outlook;

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References

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  1. Johnson, Simon & Larson, William & Papageorgiou, Chris & Subramanian, Arvind, 2013. "Is newer better? Penn World Table Revisions and their impact on growth estimates," Journal of Monetary Economics, Elsevier, vol. 60(2), pages 255-274.
  2. Mick Silver, 2009. "The Hedonic Country Product Dummy Method and Quality Adjustments for Purchasing Power Parity Calculations," IMF Working Papers 09/271, International Monetary Fund.
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Cited by:
  1. Yin-Wong Cheung & Eiji Fujii, 2011. "Exchange Rate Misalingment Estimates - Sources of Differences," CESifo Working Paper Series 3555, CESifo Group Munich.

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