{"id":"https://openalex.org/W2016498916","doi":"https://doi.org/10.1016/j.jimonfin.2004.12.008","title":"Purchasing power parity and the theory of general relativity: the first tests","display_name":"Purchasing power parity and the theory of general relativity: the first tests","publication_year":2005,"publication_date":"2005-02-08","ids":{"openalex":"https://openalex.org/W2016498916","doi":"https://doi.org/10.1016/j.jimonfin.2004.12.008","mag":"2016498916"},"language":"en","primary_location":{"id":"doi:10.1016/j.jimonfin.2004.12.008","doi":"https://doi.org/10.1016/j.jimonfin.2004.12.008","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jimonfin.2004.12.008","pdf_url":null,"source":{"id":"https://openalex.org/S10747938","display_name":"Journal of International Money and Finance","issn_l":"0261-5606","issn":["0261-5606","1873-0639"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Money and Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5023339013","display_name":"Jerry Coakley","orcid":"https://orcid.org/0000-0002-1976-0945","observed_orcids":["https://orcid.org/0000-0002-1976-0945"]},"institutions":[{"id":"https://openalex.org/I110002522","display_name":"University of Essex","ror":"https://ror.org/02nkf1q06","country_code":"GB","type":"education","lineage":["https://openalex.org/I110002522"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Jerry Coakley","raw_affiliation_strings":["University of Essex, UK","University of Essex, UK#TAB#"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Essex, UK","institution_ids":["https://openalex.org/I110002522"]},{"raw_affiliation_string":"University of Essex, UK#TAB#","institution_ids":["https://openalex.org/I110002522"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5109892208","display_name":"Robert P. Flood","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1310145890","display_name":"International Monetary Fund","ror":"https://ror.org/05m4rmw09","country_code":"US","type":"other","lineage":["https://openalex.org/I1310145890"]},{"id":"https://openalex.org/I1321305853","display_name":"National Bureau of Economic Research","ror":"https://ror.org/04grmx538","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1321305853"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Robert P. Flood","raw_affiliation_strings":["International Monetary Fund and National Bureau for Economic Research, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"International Monetary Fund and National Bureau for Economic Research, USA","institution_ids":["https://openalex.org/I1310145890","https://openalex.org/I1321305853"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5090330394","display_name":"Ana-Mar\u0131\u0301a Fuertes","orcid":"https://orcid.org/0000-0001-6468-9845","observed_orcids":["https://orcid.org/0000-0001-6468-9845"]},"institutions":[{"id":"https://openalex.org/I180825142","display_name":"City, University of London","ror":"https://ror.org/04489at23","country_code":"GB","type":"education","lineage":["https://openalex.org/I124357947","https://openalex.org/I180825142","https://openalex.org/I4401726869"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Ana M. Fuertes","raw_affiliation_strings":["Cass Business School, City University, London, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Cass Business School, City University, London, UK","institution_ids":["https://openalex.org/I180825142"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5083459724","display_name":"Mark Taylor","orcid":"https://orcid.org/0000-0002-4158-0983","observed_orcids":["https://orcid.org/0000-0002-4158-0983"]},"institutions":[{"id":"https://openalex.org/I39555362","display_name":"University of Warwick","ror":"https://ror.org/01a77tt86","country_code":"GB","type":"education","lineage":["https://openalex.org/I39555362"]},{"id":"https://openalex.org/I4210140326","display_name":"Centre for Economic Policy Research","ror":"https://ror.org/04jzmdh37","country_code":"GB","type":"nonprofit","lineage":["https://openalex.org/I4210140326"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Mark P. Taylor","raw_affiliation_strings":["University of Warwick, and Centre for Economic Policy Research, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Warwick, and Centre for Economic Policy Research, UK","institution_ids":["https://openalex.org/I39555362","https://openalex.org/I4210140326"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":6,"corresponding_author_ids":["https://openalex.org/A5083459724"],"corresponding_institution_ids":["https://openalex.org/I39555362","https://openalex.org/I4210140326"],"apc_list":{"value":3130,"currency":"USD","value_usd":3130},"apc_paid":null,"fwci":15.9836,"has_fulltext":false,"cited_by_count":73,"citation_normalized_percentile":{"value":0.98778825,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"24","issue":"2","first_page":"293","last_page":"316"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.0010999999940395355,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/purchasing-power-parity","display_name":"purchasing power parity","score":0.9319999814033508},{"id":"https://openalex.org/keywords/nominal-exchange-rate","display_name":"nominal exchange rate","score":0.8130000233650208},{"id":"https://openalex.org/keywords/real-exchange-rate-shocks","display_name":"real exchange rate shocks","score":0.6850000023841858},{"id":"https://openalex.org/keywords/inflation-differentials","display_name":"inflation differentials","score":0.9010000228881836},{"id":"https://openalex.org/keywords/currency-depreciation","display_name":"currency depreciation","score":0.8730000257492065},{"id":"https://openalex.org/keywords/panel-data","display_name":"panel data","score":0.3889999985694885},{"id":"https://openalex.org/keywords/cross-sectional-dependence","display_name":"cross-sectional dependence","score":0.703000009059906},{"id":"https://openalex.org/keywords/non-stationary-disturbances","display_name":"non-stationary disturbances","score":0.7889999747276306},{"id":"https://openalex.org/keywords/developing-countries","display_name":"developing countries","score":0.5929999947547913},{"id":"https://openalex.org/keywords/industrialized-economies","display_name":"industrialized economies","score":0.9549999833106995}],"concepts":[{"id":"https://openalex.org/C109888216","wikidata":"https://www.wikidata.org/wiki/Q82135","display_name":"Purchasing power parity","level":3,"score":0.943600594997406},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7999180555343628},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.6811872720718384},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.6599012613296509},{"id":"https://openalex.org/C69048361","wikidata":"https://www.wikidata.org/wiki/Q7310798","display_name":"Relative purchasing power parity","level":4,"score":0.6452251672744751},{"id":"https://openalex.org/C95383336","wikidata":"https://www.wikidata.org/wiki/Q4198710","display_name":"Depreciation (economics)","level":5,"score":0.5417687296867371},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.5394028425216675},{"id":"https://openalex.org/C185429906","wikidata":"https://www.wikidata.org/wiki/Q1130160","display_name":"Estimator","level":2,"score":0.5139471888542175},{"id":"https://openalex.org/C19499675","wikidata":"https://www.wikidata.org/wiki/Q232207","display_name":"Monte Carlo method","level":2,"score":0.482854425907135},{"id":"https://openalex.org/C185782297","wikidata":"https://www.wikidata.org/wiki/Q2142538","display_name":"Relative price","level":2,"score":0.44306546449661255},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.30230823159217834},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.15417253971099854},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.1484813392162323},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.14331644773483276},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.07743969559669495},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0772850513458252},{"id":"https://openalex.org/C58202505","wikidata":"https://www.wikidata.org/wiki/Q5035700","display_name":"Capital formation","level":4,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C44750222","wikidata":"https://www.wikidata.org/wiki/Q1897397","display_name":"Financial capital","level":3,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1016/j.jimonfin.2004.12.008","doi":"https://doi.org/10.1016/j.jimonfin.2004.12.008","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jimonfin.2004.12.008","pdf_url":null,"source":{"id":"https://openalex.org/S10747938","display_name":"Journal of International Money and Finance","issn_l":"0261-5606","issn":["0261-5606","1873-0639"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Money and Finance","raw_type":"journal-article"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.150.253","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.150.253","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.cass.city.ac.uk/emg/workingpapers/Purchasing_Power_Parity.pdf","raw_type":"text"},{"id":"pmh:oai:RePEc:eee:jimfin:v:24:y:2005:i:2:p:293-316","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0261-5606(04)00118-4","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":29,"referenced_works":["https://openalex.org/W334320440","https://openalex.org/W583028924","https://openalex.org/W1486781049","https://openalex.org/W1515869156","https://openalex.org/W1583475337","https://openalex.org/W1969886729","https://openalex.org/W2017080498","https://openalex.org/W2025250116","https://openalex.org/W2047897538","https://openalex.org/W2125331782","https://openalex.org/W2132507817","https://openalex.org/W2144380346","https://openalex.org/W2153873215","https://openalex.org/W2156339602","https://openalex.org/W2157765381","https://openalex.org/W2165970714","https://openalex.org/W2239223716","https://openalex.org/W2736567095","https://openalex.org/W2889830401","https://openalex.org/W2925110519","https://openalex.org/W3121922225","https://openalex.org/W3122297411","https://openalex.org/W3122528873","https://openalex.org/W3122701734","https://openalex.org/W3124138313","https://openalex.org/W3124661873","https://openalex.org/W3124998806","https://openalex.org/W4256232074","https://openalex.org/W6990566523"],"related_works":["https://openalex.org/W2115359764","https://openalex.org/W3049653742","https://openalex.org/W7096794135","https://openalex.org/W3123292199","https://openalex.org/W200744930","https://openalex.org/W2032403486","https://openalex.org/W2068241928","https://openalex.org/W3155122146","https://openalex.org/W1482037644","https://openalex.org/W2483498287"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":3},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":4},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":3}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}