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A large body of empirical work has found that exchange rate movements have only modest effects on inflation. However, the response of an import price index to exchange rate movements may be underestimated because some import price changes are missed when constructing the index. We investigate...
Persistent link: https://www.econbiz.de/10009411125
Cross-country price indexes are crucial to compare living standards between countries and to measure global inequality. An accurate measurement of these price indexes has proven to be a difficult task because of the lack of accurate data on the consumption patterns of different countries. In...
Persistent link: https://www.econbiz.de/10012823916
We examine how the Coronavirus pandemic affected consumer valuation of digital services. Governments responded to the pandemic with various forms of lockdowns and social distancing, leading to increased dependence on digital services for work, social engagement, and leisure activities. We...
Persistent link: https://www.econbiz.de/10012836034
Persistent link: https://www.econbiz.de/10003915344
We examine the price and variety of products at the barcode level in cities within China and the United States. In both … countries, there is a greater variety of products in larger cities. But in China, unlike the United States, the prices of … follows that the cost of living for grocery-store products in China is lower in larger cities. We further compare the cost …
Persistent link: https://www.econbiz.de/10012963166
access to imported consumer goods from China. Imported consumer goods can keep the levels and rates of increases of the …-percentage-point increase in the share of U.S. apparel imports from China would lower the annual rate of growth of the U.S. apparel price index … (which include apparel imports) from China would lower the annual rate of growth of U.S. non-oil price index by approximately …
Persistent link: https://www.econbiz.de/10012919737
real consumption for a select group of nations in Europe and some large countries like China and Russia, but lower in most …
Persistent link: https://www.econbiz.de/10012510589
Persistent link: https://www.econbiz.de/10011619001
We examine the price and variety of products at the barcode level in cities within China and the United States. In both … countries, there is a greater variety of products in larger cities. But in China, unlike the United States, the prices of … follows that the cost of living for grocery-store products in China is lower in larger cities. We further compare the cost …
Persistent link: https://www.econbiz.de/10012455520
Modern macroeconomics empirically addresses economy-wide incentives behind economic actions by using insights from the way a single representative household would behave. This analytical approach requires that incentives of the poor and the rich are strictly aligned. In empirical analysis a...
Persistent link: https://www.econbiz.de/10010298407