A Contribution to the "Purchasing Power Parity vs. Market Exchange Rates for Use in Long-Term Scenarios" Discussion [E-Book] / Organisation for Economic Co-operation and Development
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...
Saved in:
Full text |
|
Imprint: |
Paris :
OECD Publishing,
2006
|
Physical Description: |
19 p. |
Note: |
englisch |
DOI: |
10.1787/oecd_papers-v6-art9-en |
Keywords: |
Economics |
LEADER | 02008caa a22002658i 4500 | ||
---|---|---|---|
001 | ZB01655 | ||
003 | OECD iLibrary | ||
008 | 121101s2006 fr o i|0| 0 eng d | ||
024 | 7 | |a 10.1787/oecd_papers-v6-art9-en |2 doi | |
035 | |a (Sirsi) a488542 | ||
041 | |a eng | ||
245 | 1 | 2 | |a A Contribution to the "Purchasing Power Parity vs. Market Exchange Rates for Use in Long-Term Scenarios" Discussion |h [E-Book] / |c Organisation for Economic Co-operation and Development |
264 | |a Paris : |b OECD Publishing, |c 2006 |e (OECD iLibrary) | ||
300 | |a 19 p. | ||
336 | |a Text |b txt |2 rdacontent | ||
337 | |a Computermedien |b c |2 rdamedia | ||
338 | |a Online-Ressource |b cr |2 rdacarrier | ||
500 | |a englisch | ||
520 | 3 | |a 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. | |
653 | |a Economics | ||
710 | 2 | |a Organisation for Economic Co-operation and Development | |
856 | 4 | 0 | |u http://dx.doi.org/10.1787/oecd_papers-v6-art9-en |z Volltext |
915 | |a zzwFZJ3 | ||
596 | |a 1 | ||
949 | |a XX(488542.1) |w AUTO |c 1 |i 488542-1001 |l ELECTRONIC |m ZB |r N |s Y |t E-BOOK |u 5/2/2016 |x UNKNOWN |z UNKNOWN |1 ONLINE |