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National accounts --- European Union --- Purchasing power parity --- -#abib:aleo --- Law of one price --- One price, Law of --- Parity, Purchasing power --- Foreign exchange --- Statistics --- Gross domestic product --- Statistics. --- #abib:aleo --- Domestic product, Gross --- GDP --- Gross national product --- Purchasing power --- European communities
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The purchasing power parities and real expenditures contained in this publication cover all 29 OECD Member countries, except Korea, and four non-member countries: Israel, Slovenia, the Slovak Republic and the Russian Federation. They are based on price and expenditure data for 1996 and have been calculated using the EKS aggregation method. International comparisons of price levels and real GDP can be made using the price and volume measures presented in this publication. Countries covered: Australia, Austria, Belgium, Canada, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hunga
Gross national product -- Statistics -- Periodicals. --- Gross national product. --- Purchasing power parity -- Statistics -- Periodicals. --- Purchasing power parity --- European Union countries --- Appropriations and expenditures --- Law of one price --- One price, Law of --- Parity, Purchasing power --- Foreign exchange --- EU countries --- Euroland --- Europe
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This paper examines patterns of market integration for food commodities in India. First, it tests the extent of domestic spatial market integration for retail and wholesale markets in 2006-14 and 2008-15, respectively, and looks at patterns of price transmission of shocks from international sources. Second, it measures vertical integration from wholesale to retail markets and tests for asymmetric speed of adjustment to shocks. Third, it examines the determinants of spatial integration. The results reveal that in India, food markets are imperfectly integrated across space, with the law of one price being systematically rejected, with heterogeneities across states and products. There is substantial co-movement between wholesale and retail prices, although integration is still imperfect in all commodities but one: rice, for which perfect vertical integration cannot be rejected. Retail prices adjust faster when wholesale prices rise than when wholesale prices fall. The analysis of the determinants of spatial integration reveals that prior to implementation of the Goods and Services Tax, the mere act of crossing a state border increased prices; unexploited gains from arbitrage persisted after considering the effects of transport costs; and information frictions and menu costs reduced market integration.
Asymmetric Price Transmission --- Border Effects --- Food Security --- Hydrology --- International Economics and Trade --- International Trade and Trade Rules --- Law of One Price --- Market Integration --- Panel Cointegration --- Pass Through --- Speed of Adjustment --- Trade and Services --- Transport --- Water Resources
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This manual explains the why, the how, and the when of the international price and volume comparisons of GDP organised by Eurostat and the OECD and it provides advice on the use and interpretation of PPP figures they publish.
Purchasing power parity --- Parités de pouvoir d'achat --- AA / International- internationaal --- 307.363 --- 301 --- Statistieken van het inkomen. --- Techniek van statistische inlichtingen. Organisatie van de statistische enquêtes. Statistische kritiek. --- Parités de pouvoir d'achat --- Law of one price --- One price, Law of --- Parity, Purchasing power --- Foreign exchange --- Techniek van statistische inlichtingen. Organisatie van de statistische enquêtes. Statistische kritiek --- Statistieken van het inkomen
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Rapport périodique de l’OCDE/Eurostat présentant les calculs internationaux les plus récents en matière de parités de pouvoir d’achat pour l’OCDE, l’UE et quelques autres pays. Les données ont été calculées en appliquant la méthode d’agrégation EKS. Les mesures de volume et de prix présentées dans cette publication permettent de faire des comparaisons internationales des niveaux de prix et des PIB réels. Cette publication utilise les StatLinks ; sous chaque graphique et tableau, une adresse internet pointe vers la feuille de données Excel® contenant les données statistiques correspondantes.
Purchasing power parity --- Gross national product --- Gross national product. --- Purchasing power parity. --- Pouvoir d'achat --- Produit national brut --- Statistiques --- Périodiques. --- Law of one price --- One price, Law of --- Parity, Purchasing power --- GNP (Gross national product) --- National product, Gross --- Foreign exchange --- Economics --- Statistics --- Wealth --- Income --- National income --- Parités de pouvoir d'achat
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The purchasing power parities and real expenditures contained in this joint Eurostat-OECD publication cover 42 countries including the 30 OECD member countries, the 25 EU countries, Israel and the Russian Federation. They are based on price and expenditure data for 2002 and have been calculated using the EKS aggregation method.
Power parities. --- Purchasing power parities. --- Purchasing power parity. --- Purchasing power. --- Purchasing power parity --- Foreign exchange rates --- Gross national product --- GNP (Gross national product) --- National product, Gross --- Exchange rates --- Fixed exchange rates --- Flexible exchange rates --- Floating exchange rates --- Fluctuating exchange rates --- Foreign exchange --- Rates of exchange --- Law of one price --- One price, Law of --- Parity, Purchasing power --- Rates --- Economics --- Statistics --- Wealth --- Income --- National income
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Foreign exchange rates --- Monetary unions --- Purchasing power parity --- Law of one price --- One price, Law of --- Parity, Purchasing power --- Foreign exchange --- Common currencies --- Currency areas --- Currency unions --- Optimum currency areas --- Currency question --- Money --- Exchange rates --- Fixed exchange rates --- Flexible exchange rates --- Floating exchange rates --- Fluctuating exchange rates --- Rates of exchange --- Rates --- Foreign exchange rates. --- Monetary unions. --- Purchasing power parity.
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We reassess exchange rate prediction using a wider set of models that have been proposed in the last decade. The performance of these models is compared against two reference specifications-purchasing power parity and the sticky-price monetary model. The models are estimated in first-difference and error-correction specifications, and model performance is evaluated at forecast horizons of 1, 4, and 20 quarters, using the mean squared error, direction of change metrics, and the "consistency" test of Cheung and Chinn (1998). Overall, model/specification/currency combinations that work well in one period do not necessarily work well in another period.
Foreign exchange rates --- Purchasing power parity --- Economic forecasting --- Law of one price --- One price, Law of --- Parity, Purchasing power --- Foreign exchange --- Econometric models. --- Banks and Banking --- Foreign Exchange --- Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation --- Interest Rates: Determination, Term Structure, and Effects --- Currency --- Finance --- Exchange rates --- Interest rate parity --- Exchange rate modelling --- Interest rate modelling --- Financial services --- Interest rates --- United States
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This paper presents the first assessment domestic market integration in Brazil using the law of one price. The law of one price is tested using two panel unit root methodologies and a unique data set comprising price indices for 51 products across 11 metro-areas. We find that the law of one price holds for most tradable products and, not surprisingly, non-tradable products are found to be less likely to satisfy the law of one price. While these findings are consistent with evidence found for other countries, price convergence occurs very slowly in Brazil, suggesting relatively limited domestic market integration.
Purchasing power parity --- Markets --- Public markets --- Commerce --- Fairs --- Market towns --- Law of one price --- One price, Law of --- Parity, Purchasing power --- Foreign exchange --- Econometric models. --- Macroeconomics --- Prices, Business Fluctuations, and Cycles: Forecasting and Simulation --- Economic Integration --- Economywide Country Studies: Latin America --- Caribbean --- Price Level --- Inflation --- Deflation --- Price indexes --- Prices --- Brazil
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Prices --- Latin America --- Purchasing power parity --- Gross national product --- National income --- Index numbers (Economics) --- Parités de pouvoir d'achat --- Prix --- Produit national brut --- Revenu national --- Nombres-indices --- -Index numbers (Economics) --- -Prices --- -Purchasing power parity --- -Law of one price --- One price, Law of --- Parity, Purchasing power --- Foreign exchange --- Commercial products --- Commodity prices --- Justum pretium --- Price theory --- Consumption (Economics) --- Cost --- Costs, Industrial --- Money --- Cost and standard of living --- Supply and demand --- Value --- Wages --- Willingness to pay --- Net national product --- Flow of funds --- Income --- Numbers, Index --- Economics --- Economic indicators --- Indexation (Economics) --- GNP (Gross national product) --- National product, Gross --- Statistics --- Wealth --- -Gross national product --- Index numbers (Economics). --- Parités de pouvoir d'achat --- Law of one price --- Purchasing power parity - Latin America. --- Prices - Latin America. --- Gross national product - Latin America. --- National income - Latin America.
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