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The principles underlying the recording of changes in inventories are explained in the System of National Accounts, 1993 (1993 SNA), but operational guidelines on their measurement are lacking. This paper elaborates specific statistical techniques and their underlying assumptions for calculating...
Persistent link: https://www.econbiz.de/10014403848
Persistent link: https://www.econbiz.de/10010479499
We study the cyclical properties of sales, regular price changes and average prices paid by consumers (""effective …
Persistent link: https://www.econbiz.de/10014395698
productivity. It is found that changes in the relative price of tradable goods in terms of nontradables account for a sizable … behavior of the relative price of tradable goods, especially in the long run. There is also some evidence that the EMS has … extended on relative price behavior …
Persistent link: https://www.econbiz.de/10014396038
This paper examines the evolution of the relative price between tradable and nontradable goods in a group of European … price of nontradable goods. These factors are: (a) faster technological progress in the tradable goods sector; (b) demand …
Persistent link: https://www.econbiz.de/10014396071
, or correctly defined, shadow prices. We show how shadow prices may be integrated into an analysis of tax and price reform …
Persistent link: https://www.econbiz.de/10014396134
. Using a new database for 21 countries, the effect of relative price variability on inflation is estimated within a framework … controlling for nominal and real shocks. Money and wage growth were the most important determinants of inflation; relative price …
Persistent link: https://www.econbiz.de/10014396197
significant changes in relative prices. Second, as wage and price indexation takes root, the inflationary effect of shocks to …
Persistent link: https://www.econbiz.de/10014396493
private firms, the traditional channels (interest rate, bank lending, and asset price) are impaired in LICs. The exchange rate …
Persistent link: https://www.econbiz.de/10014397443
determines the relative price of investment, can affect the investment rate and the permanent growth rate of the economy. The …
Persistent link: https://www.econbiz.de/10014398005