Economist, researcher, writer etc • Int'l & European political economy, geoeconomics, climate, history • 1/3 of 'Eurotrash' and host of 'States and Markets', writing a book on trade
New Left EViews
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Europe vs America: Supplemental
Once more with feeling: here’s a small test that strengthens the case that the productivity wedge since 1995 in the constant PPP series is a deflator asymmetry mirage and that the chained PPP series adjusts for along with Balassa-Samuelson:
1/
The link at the end of the thread was broken so here it is:
open.substack.com/pub/leusdero...
New Left EViews
New Left EViews
A little empirical test, why both current and constant PPPs are conceptually inappropriate, why chained PPPs are the approrpiate methodological compromise, and why probably none of this matters.
Europe vs America: Supplemental
Once more with feeling: here’s a small test that strengthens the case that the productivity wedge since 1995 in the constant PPP series is a deflator asymmetry mirage and that the chained PPP series adjusts for along with Balassa-Samuelson:
1/
