The Resource A Contribution to the "Purchasing Power Parity vs. Market Exchange Rates for Use in Long-Term Scenarios" Discussion, Organisation for Economic Co-operation and Development, (electronic book)
A Contribution to the "Purchasing Power Parity vs. Market Exchange Rates for Use in Long-Term Scenarios" Discussion, Organisation for Economic Co-operation and Development, (electronic book)
Resource Information
The item A Contribution to the "Purchasing Power Parity vs. Market Exchange Rates for Use in Long-Term Scenarios" Discussion, Organisation for Economic Co-operation and Development, (electronic book) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Sydney Jones Library, University of Liverpool.This item is available to borrow from 1 library branch.
Resource Information
The item A Contribution to the "Purchasing Power Parity vs. Market Exchange Rates for Use in Long-Term Scenarios" Discussion, Organisation for Economic Co-operation and Development, (electronic book) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Sydney Jones Library, University of Liverpool.
This item is available to borrow from 1 library branch.
- Summary
- Market Exchange Rates (MER) balance the demand and supply for international currencies, while Purchasing Power Parity (PPP) exchange rates capture the differences between the cost of a given bundle of goods and services in different countries. When undertaking multi-country analysis of environmental issues (such as climate change) that includes different currencies, a decision has to be made as to whether to use PPP or MER in the analytical framework. The distinction between them is particularly germane in inter-temporal studies that postulate future scenarios. PPPs are generally favoured for their closer link to welfare, but MERS are necessarily the basis of international trade, so it is difficult to choose between them. Some authors have noted some empirical regularity between them and have sought to exploit this to avoid choosing between PPP and MER. In this paper, it is shown that such ad hoc adjustments are not necessary when structural changes are accounted for
- Language
- eng
- Extent
- 19 p.
- Label
- A Contribution to the "Purchasing Power Parity vs. Market Exchange Rates for Use in Long-Term Scenarios" Discussion
- Title
- A Contribution to the "Purchasing Power Parity vs. Market Exchange Rates for Use in Long-Term Scenarios" Discussion
- Statement of responsibility
- Organisation for Economic Co-operation and Development
- Language
- eng
- Summary
- Market Exchange Rates (MER) balance the demand and supply for international currencies, while Purchasing Power Parity (PPP) exchange rates capture the differences between the cost of a given bundle of goods and services in different countries. When undertaking multi-country analysis of environmental issues (such as climate change) that includes different currencies, a decision has to be made as to whether to use PPP or MER in the analytical framework. The distinction between them is particularly germane in inter-temporal studies that postulate future scenarios. PPPs are generally favoured for their closer link to welfare, but MERS are necessarily the basis of international trade, so it is difficult to choose between them. Some authors have noted some empirical regularity between them and have sought to exploit this to avoid choosing between PPP and MER. In this paper, it is shown that such ad hoc adjustments are not necessary when structural changes are accounted for
- Cataloging source
- FR-PaOEC
- Government publication
- international or intergovernmental publication
- Literary form
- non fiction
- Nature of contents
- dictionaries
- http://bibfra.me/vocab/lite/organizationName
- Organisation for Economic Co-operation and Development
- http://library.link/vocab/subjectName
- Economics
- Label
- A Contribution to the "Purchasing Power Parity vs. Market Exchange Rates for Use in Long-Term Scenarios" Discussion, Organisation for Economic Co-operation and Development, (electronic book)
- Antecedent source
- not applicable
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Control code
- oecd_papers-v6-art9-en
- Extent
- 19 p.
- File format
- multiple file formats
- Form of item
- online
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Specific material designation
- remote
- System control number
- (FR-PaOEC)
- Label
- A Contribution to the "Purchasing Power Parity vs. Market Exchange Rates for Use in Long-Term Scenarios" Discussion, Organisation for Economic Co-operation and Development, (electronic book)
- Antecedent source
- not applicable
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Control code
- oecd_papers-v6-art9-en
- Extent
- 19 p.
- File format
- multiple file formats
- Form of item
- online
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Specific material designation
- remote
- System control number
- (FR-PaOEC)
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.liverpool.ac.uk/portal/A-Contribution-to-the-Purchasing-Power-Parity/C7_3Jxq3UYE/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.liverpool.ac.uk/portal/A-Contribution-to-the-Purchasing-Power-Parity/C7_3Jxq3UYE/">A Contribution to the "Purchasing Power Parity vs. Market Exchange Rates for Use in Long-Term Scenarios" Discussion, Organisation for Economic Co-operation and Development, (electronic book)</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.liverpool.ac.uk/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.liverpool.ac.uk/">Sydney Jones Library, University of Liverpool</a></span></span></span></span></div>