Ebook Currencies, commodities and consumption - Kenneth W. Clements

Ebook "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.

Từ khóa: Currencies commodities and consumption, Consumer price indexes, Cost and standard of living, Purchasing power parity, Foreign exchange, Commodity prices, International macroeconomics