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010 a| 2012033995;

020 a| 9781107014763;

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100 1 a| Clements, Kenneth W.,d| 1950-=| ^A232525;

245 10 a| Currencies, commodities and consumptionh| [electronic resource] :b| measurement and the world economy /c| Kenneth W. Clements, Business School, The University of Western Australia.;

260 a| Cambridge :b| Cambridge University Press,c| 2013.;

300 a| xvii, 381 pages ;c| 24 cm;

504 a| Includes bibliographical references and indexes.;

505 8 a| 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.;

506 a| Available only to authorized users.;

520 a| "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"--c| Provided by publisher.;

538 a| Mode of access: World Wide Web;

650 0 a| Consumer price indexes.=| ^A125966;

650 0 a| Cost and standard of living.=| ^A85946;

650 0 a| Purchasing power parity.=| ^A167918;

650 0 a| Foreign exchange.=| ^A16418;

650 7 a| BUSINESS & ECONOMICS / Economics / Macroeconomics.2| bisacsh;

655 0 a| Electronic books.=| ^A491897;

856 40 z| Full text available from Ebook Central - Academic Completeu| https://ebookcentral.proquest.com/lib/eastcarolina/detail.action?docID=1099862;

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Currencies, commodities and consumption measurement and the world economy / Kenneth W. Clements, Business School, The University of Western Australia.

Author/creator	Clements, Kenneth W., 1950-
Format	Electronic
Publication Info	Cambridge : Cambridge University Press, 2013.
Description	xvii, 381 pages ; 24 cm
Supplemental Content	Full text available from Ebook Central - Academic Complete
Subjects	Consumer price indexes. Cost and standard of living. Purchasing power parity. Foreign exchange.

Contents	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.
Abstract	"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"-- Provided by publisher.
Bibliography note	Includes bibliographical references and indexes.
Access restriction	Available only to authorized users.
Technical details	Mode of access: World Wide Web
Genre/form	Electronic books.
LCCN	2012033995
ISBN	9781107014763

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Currencies, commodities and consumption measurement and the world economy / Kenneth W. Clements, Business School, The University of Western Australia.

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