Geopolitical concerns in Iraq and Ukraine/Russia earlier in the year put upward pressure on oil prices during the second quarter. As tensions moderate, oil prices are expected to decline in 2015. Metal prices eased during the 2014Q2 due to supply response from earlier investments and weakening...

This book is the most comprehensive accounting ever presented by the International Comparison Program (ICP) of the theory and methods underlying the estimation of purchasing power parities (PPPs). PPPs reveal the relative sizes of economies by converting their gross domestic products and related...