RDP 9309: Alternative Concepts of the Real Exchange Rate: A Reconciliation Equation (8)

R_{p} \equiv \frac{{[\frac{P_{n}}{P_{t}}]}^{α}}{{[\frac{P_{n}^{*}}{P_{t}^{*}}]}^{α}} \equiv {[\frac{R_{r}}{R_{r}^{*}}]}^{α}