Currencies, Commodities and Consumption

Released on by Kenneth W. Clements
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  • Currencies, Commodities and Consumption Book Detail

  • Author : Kenneth W. Clements
  • Release Date : 2013
  • Publisher :
  • Genre : Consumer price indexes
  • Pages : 381
  • ISBN 13 : 9781139610315
  • File Size : 45,45 MB
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Currencies, Commodities and Consumption by Kenneth W. Clements PDF Summary

Book Description: 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.

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Currencies, Commodities and Consumption

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Currencies, Commodities and Consumption

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World Commodities and World Currency

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World Commodities and World Currency presents Graham's thoughts on the importance and growth of world commodity stabilization; its impact on world currency; the

Currencies, Commodities and Consumption

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Discusses economic issues associated with exchange rates, commodity prices, the economic size of countries and alternatives to PPP exchange rates.

Commodity Prices and Markets

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Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects. This book advances our u