Purchasing power parities, price levels and measures of regional and global inflation

Rao, D. S. Prasada, Rambaldi, Alicia N. and Balk, Bert M. (2014). Purchasing power parities, price levels and measures of regional and global inflation. In: Inter-Country and Intra-Country Comparisons of Prices and Standards of Living: Abstract book of contributions. International Workshop on Inter-Country and Intra-Country Comparisons of Prices and Standards of Living, Arezzo, Italy, (1-27). 1-3 September, 2014.

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Name Description MIMEType Size Downloads
Author Rao, D. S. Prasada
Rambaldi, Alicia N.
Balk, Bert M.
Title of paper Purchasing power parities, price levels and measures of regional and global inflation
Conference name International Workshop on Inter-Country and Intra-Country Comparisons of Prices and Standards of Living
Conference location Arezzo, Italy
Conference dates 1-3 September, 2014
Proceedings title Inter-Country and Intra-Country Comparisons of Prices and Standards of Living: Abstract book of contributions
Place of Publication Arezzo, Italy
Publisher Polo Universitario Aretino
Publication Year 2014
Sub-type Fully published paper
Open Access Status
Start page 1
End page 27
Total pages 27
Collection year 2015
Language eng
Formatted Abstract/Summary
The International Comparison Program (ICP) completed the 2011 phase covering 199 countries; results were released in July 2014. Purchasing power parities of currencies and real incomes of countries are the headline figures from the ICP that are of considerable interest to economists, international organizations, international businesses, and policy makers at the national level. Publication of the results for 2011 brings to the fore the problem of reconciling the new results with the results published for 2005. The main objective of this paper is to provide a method of linking benchmark comparisons, using the Gini-Eltetö-Köves-Szulc (GEKS) method and fixity, that is consistent with the basic ICP method. We also propose a general measure for regional and global inflation and growth. An empirical example is provided.
Q-Index Code E1
Q-Index Status Provisional Code
Institutional Status UQ

Document type: Conference Paper
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School of Economics Publications
 
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Created: Fri, 12 Dec 2014, 11:16:25 EST by Alys Hohnen on behalf of School of Economics