Download Free Multilateral Measurements Of Purchasing Power And Real Gdp Book in PDF and EPUB Free Download. You can read online Multilateral Measurements Of Purchasing Power And Real Gdp and write the review.

The purpose of the United Nations International Comparison Project (ICP) is to compare the purchasing power of currencies and the real gross domestic product (GDP) per capita of different countries. It is well known that the usual method of converting the GDPs of different countries to a common currency, usually U.S. dollars, at existing exchange rates is misleading because exchange rates do not necessarily reflect the purchasing power of currencies. The ICP has found that the purchasing power of a country's currency over GDP can be as much as three times its dollar exchange rate, and thus the real GDP per capita is three times the value shown in an exchange-rate conversion. The unsatisfactory nature of exchange-rate conversions has become even clearer in the past few years under the new regime of managed floating rates. Changes in exchange rates of as much as 20 percent within the space of a year have not been unusual even among major currencies.
"This work is a product of the staff of The World Bank with external contributions"--T.p. verso.
Explains the why, how and when of the international price and volume comparisons organised by Eurostat and OECD and provides advice on the use and interpretation of Eurostat/OECD PPP figures.
This manual gives a complete, detailed and up-to-date description of the Eurostat-OECD PPP Programme, including its organisation, the various surveys carried out by participating countries and the ways PPPs are calculated and disseminated. It also provides guidance on the use of PPPs.
This manual sets out the full methodology of producing PPPs within the ‘Eurostat-OECD PPP Programme’ – a programme in which the Eurostat and OECD have been working together in producing and publishing Purchasing Power Parities (PPPs) for their respective member countries. PPPs are essential tools for the comparison of price and volume levels of GDP and other indicators. This manual describes the organisation of the work and the data collection, validation and calculation methods as applied for the reference year 2022. It updates the previous edition published in 2012. The aim of the manual is: (i) to provide methodological guidelines on PPPs to those directly engaged in the programme, i.e. to practitioners in Eurostat, the OECD and National Statistical Institutes (NSIs) of participating countries; (ii), to advise PPPs users – policymakers, journalists, academics, researchers – on the use and interpretation of programme comparison results; and (iii) to provide a single point of reference on the Eurostat-OECD PPP Programme, accessible to teachers, students and the general public interested in PPPs and related statistics.
Describes the International Comparison Programme which intends to produce estimates, comparable in real terms, for the gross domestic product. Provides guidance for those working in national statistical offices on the Programme.
First discussions on several topics of this book took place at a symposium held at the University of Karlsruhe (July 14 - 21, 1985). The book is divided into nine parts with the headings "Methodology and Methods" (4 papers), "Prices" (9), "Efficiency" (5), "Preferences" (7), "Quality" (2), "Inequality" (6), "Taxation" (6), "Aggregation" (6), and "Econometrics" (6). The topics range from the "equation of measurement", a functional equation which plays an important role in the subject, through various approaches to price, efficiency, inequality and tax progression measurement to results on consistency, efficiency and separability in aggregation, productivity measurement, cost functions, allocation inefficiencies, key sector indices, and testing of integrability conditions in econometrics. There are applications to the economies of the U.S.A., Japan and Germany. It contains also papers which deal with preferences, environmental quality and with noxiousness of substances.
"The long run is a misleading guide to current affairs. In the long run we are all dead." -John Maynard Keynes, A Tract on Monetary Reform (1923) A Tract on Monetary Reform (1923), by British economist John Maynard Keynes, is a masterly analysis of the world monetary situation at the beginning of the twentieth century. Keynes stated the importance of stable domestic prices and a stable currency for a strong economy, while arguing against the gold standard, which at that time was used for the US dollar and many other currencies. Britain abandoned the gold standard in 1931-after it had re-established it in 1925-and the United States abandoned the gold standard in 1933. A Tract on Monetary Reform is essential reading for anyone interested in Keynes' theories and for students of economics or economic history.