Kenneth W. Clements

Currencies, Commodities and Consumption

(No reviews yet) Write a Review

ISBN 13:: 9781316601112
author:: Kenneth W. Clements
format:: Paperback
publisher:: Cambridge University Press Reprint edition
language:: English
Publication Year:: 2016
Pages:: 400
Dimensions:: 15.2 x 2.1 x 22.9 cm
Genre:: Business, Finance & Law, Economics, International Economics, Kenneth W. Clements,Currencies, Commodities and Consumption,Cambridge University Press,1316601110,Economics: Professional & General,Money & Monetary Policy,Business & Economics,Business / E
Condition:: New
Availability:: Item usually sent within 10 working days

£41.20

Current Stock: 5

Quantity:

Description

Description

Currency values, prices, consumption and incomes are at the heart of economic performance. To compare one economy with another, economists often rely on purchasing power parity (PPP) exchange rates. However, these rates can be time-consuming to produce and may suffer from publication delays. Two alternatives to PPP have been proposed: the Big Mac Index and a technique that infers incomes based on food consumption proportions. In this book, Kenneth W. Clements examines these approaches using international macroeconomics, microeconomic theory, and econometrics. He aims to provide insights into alternative exchange rates and help make sense of the ongoing instability in exchange rates and commodity prices. Clements' analysis offers a fresh perspective on the challenges faced by economists when comparing economic performance across countries.

View AllClose