THE PURCHASING POWER PARITY MODEL .... with opposing results are the MacDonald (1995) study, which supports the PPP hypothesis for long-run projections, and the Zhou and Mahdavi (1996), which does .... (1071 4 )
PROJECTING FOREIGN CURRENCY VALUES .... use of the PPPM involve the model's inability to account for factors other than inflation, which also affect currency exchange rates (Zhou & Mahdavi, 1996). .... (2643 11 )
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