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The Young Robert Triffin’s Criticism of Purchasing Power Parity Theory
[La critique de la théorie de la parité de pouvoir d’achat par le jeune Robert Triffin]

Author

Listed:
  • Ivo Maes

    (UCL - Université Catholique de Louvain = Catholic University of Louvain)

  • Ilaria Pasotti

Abstract

As a young economist, Robert Triffin made the calculations for the 1935 devaluation of the Belgian franc and in 1946 he was involved in the IMF's studies of the "initial par values". He was a sceptic of Cassel's purchasing power parity theory. His approach was based on the Louvain analyses of business cycles, with a distinction between sheltered and non-sheltered sectors and an emphasis on disequilibria, as well as his Harvard work on international trade, general equilibrium and imperfect competition theory.

Suggested Citation

  • Ivo Maes & Ilaria Pasotti, 2024. "The Young Robert Triffin’s Criticism of Purchasing Power Parity Theory [La critique de la théorie de la parité de pouvoir d’achat par le jeune Robert Triffin]," Post-Print hal-05000574, HAL.
  • Handle: RePEc:hal:journl:hal-05000574
    DOI: 10.48611/isbn.978-2-406-17116-4.p.0187
    as

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