IMF Applications of Purchasing Power Parity Estimates

Author/Editor:

Mick Silver

Publication Date:

November 1, 2010

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

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.

Series:

Working Paper No. 2010/253

Subject:

Exchange rates Expenditure Market exchange rates Public investment and public-private partnerships (PPP) Purchasing power parity

English

Publication Date:

November 1, 2010

ISBN/ISSN:

9781455209538/1018-5941

Stock No:

WPIEA2010253

Pages:

19

Please address any questions about this title to publications@imf.org