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This need employ RMB exchange rate to explore whether purchasing power parity theory hold in RMB exchange rate. This work need an empirical research on the PPP relationship between RMB and the US dollar . Unit root testing and Johansen cointegration test are requried to investigate the relationship between PPP and RMB exchange rate. The RMB's exchange rates and consumer price indexes (CPI) of China and the United States was collected to attempt the research question.
1. all the data would be given if you take the job
2. need write 2000 words report about reults
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