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IMF Applications of Purchasing Power Parity Estimates

Author/Editor: Silver, Mick
Authorized for Distribution: November 1, 2010
Electronic Access: Free Full Text (PDF file size is 920KB)
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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.
 
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Series: Working Paper No. 10/253
Subject(s): Cross country analysis | Economic indicators | Fund | Purchasing power parity | Quota distribution | Quota formulas | Quotas | Transparency | World Economic Outlook
Author's keyword(s): Purchasing Power Parity | International Comparison Program | International Monetary Fund | Quotas.
 
English  
    Published:   November 1, 2010        
            Format:   Paper
    Stock No:   WPIEA2010253   Pages:   19
         
       
     
Please address any questions about this title to publications@imf.org.