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Persistent link: https://www.econbiz.de/10000755473
product-level from the 2005 World Bank’s International Comparison Program (ICP). Our examination is motivated by questions … correlation between prices and development. Specifically, how would our view on competitiveness be affected if one were to use PPP …
Persistent link: https://www.econbiz.de/10014165580
This paper examines changes in national price levels and prices of tradables and nontradables and relates them to changes in variables found earlier to be associated with price level differences among countries. Across countries, national price levels increase systematically with the level of a...
Persistent link: https://www.econbiz.de/10013224694
on the size of the real world economy, in purchasing power parity (PPP) terms, the paper presents estimates of global and … China and USA were almost at the same level in 2017. Based on the projections to 2019 from the Penn World Table 10.0 and the …
Persistent link: https://www.econbiz.de/10013229459
Persistent link: https://www.econbiz.de/10009680026
How does international financial integration affect national price levels? Panel evidence for 54 industrialized and emerging countries shows that a larger ratio of foreign assets and liabilities to GDP, our measure of international financial integration, increases the national price level under...
Persistent link: https://www.econbiz.de/10009295676
How does international financial integration affect national price levels? To analyze this question, this paper formulates a two-country open economy sticky-price model under either segmented or complete asset markets. It is shown that the effect of financial integration, i.e. moving from...
Persistent link: https://www.econbiz.de/10003670533
How does international financial integration affect national price levels? To analyze this question, this paper formulates a two-country open economy sticky-price model under either segmented or complete asset markets. It is shown that the effect of financial integration, i.e. moving from...
Persistent link: https://www.econbiz.de/10012991245
This paper examines changes in national price levels and prices of tradables and nontradables and relates them to changes in variables found earlier to be associated with price level differences among countries. Across countries, national price levels increase systematically with the level of a...
Persistent link: https://www.econbiz.de/10012476531
Persistent link: https://www.econbiz.de/10013257832