Currencies, commodities and consumption : measurement and the world economy /
Clements, Kenneth W., 1950-
Currencies, commodities and consumption : measurement and the world economy / Kenneth W. Clements, Business School, the University of Western Australia. - Cambridge : Cambridge University Press, 2012. - 1 online resource
Includes bibliographical references and indexes.
Machine generated contents note: 1. Introduction; Part I. Exchange Rates and Prices: 2. Purchasing power parity theory and the Big Mac Index; 3. Commodity currencies and currency commodities; Part II. Commodity Prices: 4. Three facts about marijuana prices; 5. Patterns in world metal prices; Part III. International Patterns of Incomes, Prices and Consumption: 6. Disparities in incomes and prices internationally; 7. Affluence and food: a simple way to infer incomes.
"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 whilst 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 secondly, a less well known technique which infers incomes across countries based on the proportion of consumption devoted to food. Kenneth 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"--
9781139625197 (electronic bk.) 1139625195 (electronic bk.) 9781139045612 (electronic bk.) 113904561X (electronic bk.) 9781283943079 1283943077
425557 MIL
Consumer price indexes.
Cost and standard of living.
Purchasing power parity.
Foreign exchange.
Indice des prix à la consommation.
Coût et niveau de la vie.
Parités de pouvoir d'achat.
Change.
BUSINESS & ECONOMICS--Economics--Macroeconomics.
POLITICAL SCIENCE--Economic Conditions.
Consumer price indexes.
Cost and standard of living.
Foreign exchange.
Purchasing power parity.
Electronic books.
HB225 / .C54 2012eb
339.3
Currencies, commodities and consumption : measurement and the world economy / Kenneth W. Clements, Business School, the University of Western Australia. - Cambridge : Cambridge University Press, 2012. - 1 online resource
Includes bibliographical references and indexes.
Machine generated contents note: 1. Introduction; Part I. Exchange Rates and Prices: 2. Purchasing power parity theory and the Big Mac Index; 3. Commodity currencies and currency commodities; Part II. Commodity Prices: 4. Three facts about marijuana prices; 5. Patterns in world metal prices; Part III. International Patterns of Incomes, Prices and Consumption: 6. Disparities in incomes and prices internationally; 7. Affluence and food: a simple way to infer incomes.
"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 whilst 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 secondly, a less well known technique which infers incomes across countries based on the proportion of consumption devoted to food. Kenneth 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"--
9781139625197 (electronic bk.) 1139625195 (electronic bk.) 9781139045612 (electronic bk.) 113904561X (electronic bk.) 9781283943079 1283943077
425557 MIL
Consumer price indexes.
Cost and standard of living.
Purchasing power parity.
Foreign exchange.
Indice des prix à la consommation.
Coût et niveau de la vie.
Parités de pouvoir d'achat.
Change.
BUSINESS & ECONOMICS--Economics--Macroeconomics.
POLITICAL SCIENCE--Economic Conditions.
Consumer price indexes.
Cost and standard of living.
Foreign exchange.
Purchasing power parity.
Electronic books.
HB225 / .C54 2012eb
339.3