TY  - BOOK
AU  - Clements,Kenneth W.
TI  - Currencies, commodities and consumption: measurement and the world economy 
SN  - 9781139625197
AV  - HB225 .C54 2012eb
U1  - 339.3 23
PY  - 2012///
CY  - Cambridge
PB  - Cambridge University Press
KW  - Consumer price indexes
KW  - Cost and standard of living
KW  - Purchasing power parity
KW  - Foreign exchange
KW  - Indice des prix à la consommation
KW  - Coût et niveau de la vie
KW  - Parités de pouvoir d'achat
KW  - Change
KW  - BUSINESS & ECONOMICS
KW  - Economics
KW  - Macroeconomics
KW  - bisacsh
KW  - POLITICAL SCIENCE
KW  - Economic Conditions
KW  - fast
KW  - Electronic books
N1  - 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
N2  - "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"--
UR  - https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=508299
ER  -