Disturbance of the relative purchasing power parity in the selected Member States of the eurozone in the years 1999-2015 Cover Image

Niezachowanie względnego parytetu siły nabywczej w wybranych krajach członkowskich strefy euro w latach 1999-2015
Disturbance of the relative purchasing power parity in the selected Member States of the eurozone in the years 1999-2015

Author(s): Paweł Kulpaka
Subject(s): Economy, National Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: law of one price; absolute purchasing power parity; relative purchasing power parity; inflation; exchange rate; eurozone

Summary/Abstract: The paper briefly analysed the theories of absolute purchasing power parity, relative purchasing power parity and the law of one price. Then the article showed fundamental lack of preservation of the relative purchasing power parity theory in the selected Member States of the eurozone in the years 1999-2015 as a result of remaining significant differences in the rates of inflation among the participating countries in the monetary union.

  • Issue Year: 2016
  • Issue No: 439
  • Page Range: 219-229
  • Page Count: 11
  • Language: Polish