02279cam a2200253 i 4500 120821s2013 enk b 001 0 eng 9781107014763 SDU HB225 C625 2013 Clements, Kenneth W., 188510 Currencies, commodities and consumption : measurement and the world economy / Kenneth W. Clements, Business School, The University of Western Australia. 381 p. 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. HKBU library YT2025 M10 "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"-- Consumer price indexes. Cost and standard of living. Purchasing power parity. 159011 Foreign exchange. BUSINESS & ECONOMICS / Economics / Macroeconomics. 188513 = C.1 SDU GBE lcc 102663 102663 0 0 lcc 0 HB0225 C625 02013 0 CGB 284393 SDU SDU GEN3 2025-10-09 2 0 HB225 C625 2013 1000361772 2025-10-09 00:00:00 C.1 2025-10-09 GBE