Cities, borders, distances, non-traded goods and purchasing power parity

Article Abstract:

Studies on long-run Purchasing Power Parity (PPP) in industrialized nations show that the relationship is not exhibited in the post Breton-Woods period. The causes of the failure of PPP in such situations is evaluated by using disaggregated price data. The studies of Rogers and jenkins (1995) and Johnson (1991) are furthered by continuing the disaggregation of price data to another level. Price data is broken down not just into different kinds of goods, but into cities within countries as well. Results reveal that country borders and distances do affect PPP but the effects of the types of goods is not as strongly established.

Research and Development in the Physical, Engineering, and Life Sciences, Economics, Research and Development in the Social Sciences and Humanities, Statistics, Consumption (Economics), Consumer goods, Statistics (Mathematics), Purchasing power

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Price and quantity responses to cost and demand shocks

Article Abstract:

The increased variations in production and inventory levels instead of prices after the occurrence of cost and demand shocks during periods of inflexible prices were investigated. Specifically, the problem, which was confirmed by data observations, was viewed from two perspectives to find out which is true. The first holds that response selectivity to demand shocks exists while the second pertains to the occurrence of price smoothing.

Demand (Economics)

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Exchange rates and prices: sources of sterling real exchange rate fluctuations, 1973-94

Article Abstract:

The connection between exchange rate fluctuations of the British pound sterling and prices in the United Kingdom from 1973 to 1994 is described.

United Kingdom, Functions related to deposit banking, Foreign Exchange Dealers, Commodity Contracts Dealing, Statistical Data Included, Foreign exchange, Foreign exchange rates, Pound (United Kingdom)

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