ISBN: 9781107014763

Currency values, prices, consumption and incomes are at the heart of the economic performance of all countries. In order to make a meaningful comparison between one economy and another, e… Plus…

Currency values, prices, consumption and incomes are at the heart of the economic performance of all countries. In order to make a meaningful comparison between one economy and another, economists routinely make use of purchasing power parity (PPP) exchange rates, but while PPP rates are widely used and well understood, they take a lot of effort to produce and suffer from publication delays. Currencies, Commodities and Consumption analyses the strengths and weaknesses of two alternatives to PPP. Firstly, the so-called Big Mac Index, which uses hamburger prices as a standard of measurement, and second, a less well known technique which infers incomes across countries based on the proportion of consumption devoted to food. Kenneth W. Clements uses international macroeconomics, microeconomic theory and econometrics to provide researchers and policy makers with insights into alternatives to PPP rates and make sense of the ongoing instability of exchange rates and commodity prices. Kenneth W. Clements, Books, Business and Finance, Economics, Macroeconomics, Currencies, Commodities and Consumption Books>Business and Finance>Economics>Macroeconomics, Cambridge University Press<

ISBN: 9781107014763

Von Kenneth W. Clements: Currency values, prices, consumption and incomes are at the heart of the economic performance of all countries. In order to make a meaningful comparison between o… Plus…

Von Kenneth W. Clements: Currency values, prices, consumption and incomes are at the heart of the economic performance of all countries. In order to make a meaningful comparison between one economy and another, economists routinely make use of purchasing power parity (PPP) exchange rates, but while PPP rates are widely used and well understood, they take a lot of effort to produce and suffer from publication delays. Currencies, Commodities and Consumption analyses the strengths and weaknesses of two alternatives to PPP. Firstly, the so-called Big Mac Index, which uses hamburger prices as a standard of measurement, and second, a less well known technique which infers incomes across countries based on the proportion of consumption devoted to food. Kenneth W. Clements uses international macroeconomics, microeconomic theory and econometrics to provide researchers and policy makers with insights into alternatives to PPP rates and make sense of the ongoing instability of exchange rates an...; Wirtschaft > Volkswirtschaft > Geldwirtschaft, Währungspolitik, Cambridge University Press<

ISBN: 9781107014763

Hardback, [PU: CAMBRIDGE UNIVERSITY PRESS], Making sense of the ongoing instability of exchange rates and commodity prices, and contributing to the measurement of the relative economic si… Plus…

Hardback, [PU: CAMBRIDGE UNIVERSITY PRESS], Making sense of the ongoing instability of exchange rates and commodity prices, and contributing to the measurement of the relative economic size of countries, this book analyses the strengths and weaknesses of two alternatives to the widely used PPP exchange rates - the Big Mac Index and the food budget share., Monetary Economics, Monetary Economics<

2013, ISBN: 9781107014763

Hardcover, Buch, [PU: Cambridge University Press]

ISBN: 110701476X