Purchasing-power parity, why is high levels of inflation bad?
Q. Hello! I am writing an essay about how inflation affects the exchange rate of a country. After reading up on the theory of Purchasing-power parity, I am confused as to why high levels of inflation is bad. According to the theory the exchange rate will adjust itself accordingly. However, high levels of inflation is known to decrease the wealth of the citizens in the long run according to my understanding.. Please help me get some clarity on the topic. Thanks!
Asked by Daniel - Tue May 6 18:22:50 2008 - - 1 Answers - 0 Comments
A. For the same reason it makes the citizens poor, inflation makes the economy poorer in trade. Your currency becomes a costly to hold, investments riskier, imports more expensive (as $1 no longer commands the power of the previous $1) and exports now need to be higher (for producers not to make a loss) than usual cost which is unattractive. There PPP is less for everyone who now holds the dollar than before. Business and consumer confidence in the currency suffers at home and abroad.
Answered by Loopie - Thu May 8 18:05:46 2008
Q. Hello! I am writing an essay about how inflation affects the exchange rate of a country. After reading up on the theory of Purchasing-power parity, I am confused as to why high levels of inflation is bad. According to the theory the exchange rate will adjust itself accordingly. However, high levels of inflation is known to decrease the wealth of the citizens in the long run according to my understanding.. Please help me get some clarity on the topic. Thanks!
Asked by Daniel - Tue May 6 18:22:50 2008 - - 1 Answers - 0 Comments
A. For the same reason it makes the citizens poor, inflation makes the economy poorer in trade. Your currency becomes a costly to hold, investments riskier, imports more expensive (as $1 no longer commands the power of the previous $1) and exports now need to be higher (for producers not to make a loss) than usual cost which is unattractive. There PPP is less for everyone who now holds the dollar than before. Business and consumer confidence in the currency suffers at home and abroad.
Answered by Loopie - Thu May 8 18:05:46 2008
What is purchasing power parity?
Q. It i is asserted that a country's living standard is better reflected by using purchasing power parity dollars rather than an exchange rate $$. Why so?
Asked by Tesszgreat - Fri Apr 25 03:47:02 2008 - - 5 Answers - 0 Comments
A. Purchasing Power Parity or PPP, is a good metric for standard of living. Let' say $1.50 is the same as $1 Euro. In this example, a USD will buy .67 Euros. However, what if $1.50 will buy more milk in Atlanta than .67 Euros will purchase in Birmingham England? This lead some economists to look at purchasing power parity, in addition to the official currency exchange rate. A good example of PPP is the "Big Mac Index". This explains it pretty well. Let's say a Big Mac costs $3 in the New York and 1.5 Euros in Paris. Using this relationship, the PPP exchange rate would be $2:1Euro. This ratio may be different than the official exchange rate, but shows cost ratio of somewhat homogenious items in different places. This example… [cont.]
Answered by robert m - Fri Apr 25 04:18:38 2008
Q. It i is asserted that a country's living standard is better reflected by using purchasing power parity dollars rather than an exchange rate $$. Why so?
Asked by Tesszgreat - Fri Apr 25 03:47:02 2008 - - 5 Answers - 0 Comments
A. Purchasing Power Parity or PPP, is a good metric for standard of living. Let' say $1.50 is the same as $1 Euro. In this example, a USD will buy .67 Euros. However, what if $1.50 will buy more milk in Atlanta than .67 Euros will purchase in Birmingham England? This lead some economists to look at purchasing power parity, in addition to the official currency exchange rate. A good example of PPP is the "Big Mac Index". This explains it pretty well. Let's say a Big Mac costs $3 in the New York and 1.5 Euros in Paris. Using this relationship, the PPP exchange rate would be $2:1Euro. This ratio may be different than the official exchange rate, but shows cost ratio of somewhat homogenious items in different places. This example… [cont.]
Answered by robert m - Fri Apr 25 04:18:38 2008
If purchasing-power parity holds, a dollar will buy?
Q. a.one unit of each foreign currency. b.foreign currency equal to the U.S. price level divided by the foreign country s price level. c.enough foreign currency to buy as many goods as it does in the United States. d.None of the above is implied by purchasing-power parity.
Asked by seth - Wed Dec 16 00:30:16 2009 - - 1 Answers - 0 Comments
Q. a.one unit of each foreign currency. b.foreign currency equal to the U.S. price level divided by the foreign country s price level. c.enough foreign currency to buy as many goods as it does in the United States. d.None of the above is implied by purchasing-power parity.
Asked by seth - Wed Dec 16 00:30:16 2009 - - 1 Answers - 0 Comments
What is "purchasing power parity" and "portfolio investment"?
Q. Please give me a somewhat detailed explanation of these terms.
Asked by Shreya - Wed Jan 23 12:51:13 2008 - - 3 Answers - 0 Comments
A. Purchasing Power Parity simply meas that if the same product is sold in two freely trading countries, that product will always have the tendency to have the same price. For instance, if an iPod in US is sold for $70, and in Germany someone starts selling it for $100, someone will start to buy up US iPods, and resell them in Germany for the same $100, making a profit. Eventually more and more people will do this, everyone will start to compete and undercut each other, and sooner or later, that iPod will be sold for the same $70 in Germany as in US. The only difference in price may be the added shipping costs and import taxes. P.S. my example is an overly simplified one. PPP mostly reffers to exchange rates of the currencies of the two… [cont.]
Answered by rassah5 - Wed Jan 23 13:51:07 2008
Q. Please give me a somewhat detailed explanation of these terms.
Asked by Shreya - Wed Jan 23 12:51:13 2008 - - 3 Answers - 0 Comments
A. Purchasing Power Parity simply meas that if the same product is sold in two freely trading countries, that product will always have the tendency to have the same price. For instance, if an iPod in US is sold for $70, and in Germany someone starts selling it for $100, someone will start to buy up US iPods, and resell them in Germany for the same $100, making a profit. Eventually more and more people will do this, everyone will start to compete and undercut each other, and sooner or later, that iPod will be sold for the same $70 in Germany as in US. The only difference in price may be the added shipping costs and import taxes. P.S. my example is an overly simplified one. PPP mostly reffers to exchange rates of the currencies of the two… [cont.]
Answered by rassah5 - Wed Jan 23 13:51:07 2008
What is the Purchasing Power Parity ratio of India relative to the US. Please quote source also?
Q. How much is a US dollar actually worth in India
Asked by common fan - Tue Aug 21 06:20:25 2007 - - 1 Answers - 0 Comments
A. Well, what you can buy depends upon the basket of goods that you put in your index. You can have some really wild differences of opinions on the cost of living depending upon what you put into it. First, there are only a few indices, each having their own weakness. One key one to look at is the World Bank's World Development index. However, I'm not a big fan of it because it indicates that the RMB is about 80% weaker than the US dollar. Reality is that it's hundreds of percentages weaker than the US dollar if you don't live in Shanghai, Beijing or Guangdong/Shenzen. Another good one is the Big Mac index put out by the Economist. It's tongue in cheek, but the idea is solid - albeit for a single product basket.
Answered by csanda - Tue Aug 21 18:40:40 2007
Q. How much is a US dollar actually worth in India
Asked by common fan - Tue Aug 21 06:20:25 2007 - - 1 Answers - 0 Comments
A. Well, what you can buy depends upon the basket of goods that you put in your index. You can have some really wild differences of opinions on the cost of living depending upon what you put into it. First, there are only a few indices, each having their own weakness. One key one to look at is the World Bank's World Development index. However, I'm not a big fan of it because it indicates that the RMB is about 80% weaker than the US dollar. Reality is that it's hundreds of percentages weaker than the US dollar if you don't live in Shanghai, Beijing or Guangdong/Shenzen. Another good one is the Big Mac index put out by the Economist. It's tongue in cheek, but the idea is solid - albeit for a single product basket.
Answered by csanda - Tue Aug 21 18:40:40 2007
How well does the theory of purchasing- power parity explain exchange rates?
Q. hw help
Asked by TB - Tue Mar 31 11:59:17 2009 - - 1 Answers - 0 Comments
A. purchasing power parity (PPP) takes into account the strength of each currency to a common denominator and then calculates how much a certain currency is worth in relation to others.
Answered by Jace - Wed Apr 1 08:35:11 2009
Q. hw help
Asked by TB - Tue Mar 31 11:59:17 2009 - - 1 Answers - 0 Comments
A. purchasing power parity (PPP) takes into account the strength of each currency to a common denominator and then calculates how much a certain currency is worth in relation to others.
Answered by Jace - Wed Apr 1 08:35:11 2009
How does the purchasing power parity in India compare to the US (and the UK if you know)?
Q. How does the purchasing power parity in India compare to the US (and the UK if you know)?
Asked by James T - Fri Jun 15 11:51:11 2007 - - 4 Answers - 0 Comments
A. rupee is 4 times the dollar...the first answerer is close only coincidentally...those numbers are idiotic...instead of calculating the ppp of Dollar vs Rupee vs Pound , theyve calculated the ppp of US vs India vs UK...rofl
Answered by uber_scorpio - Fri Jun 15 16:07:33 2007
Q. How does the purchasing power parity in India compare to the US (and the UK if you know)?
Asked by James T - Fri Jun 15 11:51:11 2007 - - 4 Answers - 0 Comments
A. rupee is 4 times the dollar...the first answerer is close only coincidentally...those numbers are idiotic...instead of calculating the ppp of Dollar vs Rupee vs Pound , theyve calculated the ppp of US vs India vs UK...rofl
Answered by uber_scorpio - Fri Jun 15 16:07:33 2007
Purchasing Power Parity?
Q. Which of the following are reasons that purchasing power parity is not effective? I. Countries produce different goods and services. Hence, the baskets of goods and services across two countries might differ even though the products in the baskets are the same. II. Nontraded goods and services do not equilibrate in prices between two countries. III. Products in one country might be weighted more heavily than the same products in another country.
Asked by r m - Sun Apr 6 21:20:34 2008 - - 1 Answers - 0 Comments
A. II. The more products that fall into the category of "nontradable" the higher the deviation from parity will be. The most commonly used example is a hair cut. You really can't ship a haircut overseas. You cannot sell haircuts on an international market. This is what causes the purchasing power to move away from parity...
Answered by miss_j - Sun Apr 6 21:28:06 2008
Q. Which of the following are reasons that purchasing power parity is not effective? I. Countries produce different goods and services. Hence, the baskets of goods and services across two countries might differ even though the products in the baskets are the same. II. Nontraded goods and services do not equilibrate in prices between two countries. III. Products in one country might be weighted more heavily than the same products in another country.
Asked by r m - Sun Apr 6 21:20:34 2008 - - 1 Answers - 0 Comments
A. II. The more products that fall into the category of "nontradable" the higher the deviation from parity will be. The most commonly used example is a hair cut. You really can't ship a haircut overseas. You cannot sell haircuts on an international market. This is what causes the purchasing power to move away from parity...
Answered by miss_j - Sun Apr 6 21:28:06 2008
What is Purchasing Power Parity? What does it measure?
Q. In a recent research, they say that PPP of two countries is like this: Luxembourg: 272 Turkey: 42 What is difference between these two countries? Luxembourg is 6.5 times greater than Turkey. But by what? What does PPP measure? Thanks.
Asked by JRY - Fri Jun 27 11:20:56 2008 - - 1 Answers - 0 Comments
A. ppp is simply application of law of one pricce what it is that price rtio of goods in both countries luxemburgs currency is 6.5 times as expensive as turkey... that too depends on who believes it! i mean he exact figs..
Answered by subhrodip - Tue Jul 1 02:26:16 2008
Q. In a recent research, they say that PPP of two countries is like this: Luxembourg: 272 Turkey: 42 What is difference between these two countries? Luxembourg is 6.5 times greater than Turkey. But by what? What does PPP measure? Thanks.
Asked by JRY - Fri Jun 27 11:20:56 2008 - - 1 Answers - 0 Comments
A. ppp is simply application of law of one pricce what it is that price rtio of goods in both countries luxemburgs currency is 6.5 times as expensive as turkey... that too depends on who believes it! i mean he exact figs..
Answered by subhrodip - Tue Jul 1 02:26:16 2008
What is Purchasing Power Parity???????
Q. What is Purchasing Power Parity as it refers to the value of a nations currency. Also does purchasing power parity have any effect on a population's GDP and how wealthy the nation or region is???
Asked by big boy - Tue Jul 7 05:32:39 2009 - - 1 Answers - 0 Comments
A. I think it means equality of exchange.
Answered by Einstein - Fri Jul 10 19:06:36 2009
Q. What is Purchasing Power Parity as it refers to the value of a nations currency. Also does purchasing power parity have any effect on a population's GDP and how wealthy the nation or region is???
Asked by big boy - Tue Jul 7 05:32:39 2009 - - 1 Answers - 0 Comments
A. I think it means equality of exchange.
Answered by Einstein - Fri Jul 10 19:06:36 2009
purchasing power parity?
Q. Why are purchasing power parity adjustments made to international comparisons of per capita gross domestic product?
Asked by KiKi - Fri Apr 17 11:34:35 2009 - - 1 Answers - 0 Comments
Q. Why are purchasing power parity adjustments made to international comparisons of per capita gross domestic product?
Asked by KiKi - Fri Apr 17 11:34:35 2009 - - 1 Answers - 0 Comments
define purchasing power parity?
Q. define purchasing power parity and explain its relevance to the debate about whether to have a fixed or flexible exchange rate.
Asked by dmmeadors - Thu Jul 20 12:17:17 2006 - - 2 Answers - 0 Comments
A. hello my friend, According to me purchasing power is the power of a person to buy things from a seller at the price fixed by the seller.
Answered by Nirmal Jayagopalan - Thu Jul 20 12:30:38 2006
Q. define purchasing power parity and explain its relevance to the debate about whether to have a fixed or flexible exchange rate.
Asked by dmmeadors - Thu Jul 20 12:17:17 2006 - - 2 Answers - 0 Comments
A. hello my friend, According to me purchasing power is the power of a person to buy things from a seller at the price fixed by the seller.
Answered by Nirmal Jayagopalan - Thu Jul 20 12:30:38 2006
what is the definition of purchasing power parity (PPP) and how is it determined?
Q. what is the definition of purchasing power parity (PPP) and how is it determined?
Asked by rakesh_kumar_bhardwaj - Fri Jan 27 11:16:55 2006 - - 2 Answers - 0 Comments
A. Purchasing Power Parity - PPP A theory that supports the law of one price. The theory says that the price of one product should be the same across countries. So, the exchange rates should adjust to reflect this 'one-price' scenerio. Otherwise, international arbitage could incur until exchange rates adjust and the law of one price holds. For example, if bigmac costs 2 euro in Germany, and the same bigmac costs 100 thai baht in Thailand, then the exchange rate should be 50 baht per euro. If baht is depreciated in relative to euro (the exchange rate is more than 50 baht per euro), then Some German people will not buy any bigmac from Germany. Rather, they will import bigmac from Thailand (because Thai bigmacs are cheaper) and resell in… [cont.]
Answered by ichbinhier - Fri Jan 27 12:03:41 2006
Q. what is the definition of purchasing power parity (PPP) and how is it determined?
Asked by rakesh_kumar_bhardwaj - Fri Jan 27 11:16:55 2006 - - 2 Answers - 0 Comments
A. Purchasing Power Parity - PPP A theory that supports the law of one price. The theory says that the price of one product should be the same across countries. So, the exchange rates should adjust to reflect this 'one-price' scenerio. Otherwise, international arbitage could incur until exchange rates adjust and the law of one price holds. For example, if bigmac costs 2 euro in Germany, and the same bigmac costs 100 thai baht in Thailand, then the exchange rate should be 50 baht per euro. If baht is depreciated in relative to euro (the exchange rate is more than 50 baht per euro), then Some German people will not buy any bigmac from Germany. Rather, they will import bigmac from Thailand (because Thai bigmacs are cheaper) and resell in… [cont.]
Answered by ichbinhier - Fri Jan 27 12:03:41 2006
why doesn't purchasing power parity explain all exchange rate movements?
Q. why doesn't purchasing power parity explain all exchange rate movements?
Asked by Jason W - Fri Nov 30 20:29:05 2007 - - 2 Answers - 0 Comments
A. Currency speculation.
Answered by Andrew O - Tue Dec 4 17:33:26 2007
Q. why doesn't purchasing power parity explain all exchange rate movements?
Asked by Jason W - Fri Nov 30 20:29:05 2007 - - 2 Answers - 0 Comments
A. Currency speculation.
Answered by Andrew O - Tue Dec 4 17:33:26 2007
what is the purchasing power parity (ppp)?
Q. I am having a bit of difficulty in understanding this measure of development. how do you find out the ppp?? can someone please explain in simple terms using examples!! thanks so what factors influence the purchasing power of a country?
Asked by Kiwi - Sat Oct 4 15:12:34 2008 - - 1 Answers - 0 Comments
Q. I am having a bit of difficulty in understanding this measure of development. how do you find out the ppp?? can someone please explain in simple terms using examples!! thanks so what factors influence the purchasing power of a country?
Asked by Kiwi - Sat Oct 4 15:12:34 2008 - - 1 Answers - 0 Comments
Looking at modern Russian Economy Does Purchasing Power Parity hold either in the short run or in the long run
Q. I know this isnt a simple one word answer. How can I answer this question & what data will I need to back up my assertion. Thanks!
Asked by yeaitsmemarc - Thu Nov 30 19:49:31 2006 - - 1 Answers - 0 Comments
A. No, the purchasing power parity does not hold. To see that it is the case, just compare oil prices and domestic gasoline prices. Or export and domestic prices of natural gas, for that matter...
Answered by NC - Thu Nov 30 23:00:59 2006
Q. I know this isnt a simple one word answer. How can I answer this question & what data will I need to back up my assertion. Thanks!
Asked by yeaitsmemarc - Thu Nov 30 19:49:31 2006 - - 1 Answers - 0 Comments
A. No, the purchasing power parity does not hold. To see that it is the case, just compare oil prices and domestic gasoline prices. Or export and domestic prices of natural gas, for that matter...
Answered by NC - Thu Nov 30 23:00:59 2006
GDP - purchasing power parity vs official exchange rate?
Q. I'm writing a paper on the economy of France and don't know which type of GDP to use? Also how come the figures vary so much among sources? (CIA world fact book, World Bank, the Economist all say different things!) https://www.cia.gov/libra ry/publications/the-world -factbook/print/fr.html
Asked by BiterChloe - Fri Apr 4 22:37:41 2008 - - 1 Answers - 0 Comments
A. If you are writing for readers in France only, use GDP figures given in Frank / french currency. If the parer is going to be read by readers in USA, use GDP figures in US dollars, using Purchasing Power Parity basis GDP figures, especially if you are comparaing France economy size with economic size of other countries in the World. But mention in brackets the GDP figure at official excahnge rate in US dollar terms, giving the official market exchange rate used. Yes different sources give somewhat different estimates. The differences arise because of differences in methodologies and accounting years. Best is to use either IMF or the World Bank estimates of GDP (PPP). For these estimates are more acceptable to international readers
Answered by sensekonomikx - Tue Apr 8 15:39:06 2008
Q. I'm writing a paper on the economy of France and don't know which type of GDP to use? Also how come the figures vary so much among sources? (CIA world fact book, World Bank, the Economist all say different things!) https://www.cia.gov/libra ry/publications/the-world -factbook/print/fr.html
Asked by BiterChloe - Fri Apr 4 22:37:41 2008 - - 1 Answers - 0 Comments
A. If you are writing for readers in France only, use GDP figures given in Frank / french currency. If the parer is going to be read by readers in USA, use GDP figures in US dollars, using Purchasing Power Parity basis GDP figures, especially if you are comparaing France economy size with economic size of other countries in the World. But mention in brackets the GDP figure at official excahnge rate in US dollar terms, giving the official market exchange rate used. Yes different sources give somewhat different estimates. The differences arise because of differences in methodologies and accounting years. Best is to use either IMF or the World Bank estimates of GDP (PPP). For these estimates are more acceptable to international readers
Answered by sensekonomikx - Tue Apr 8 15:39:06 2008
What is the Purchase Power Parity between Chicago and Florida?
Q. What is the Purchase Power Parity between Chicago and Florida?
Asked by JJBB - Tue Oct 17 10:09:36 2006 - - 2 Answers - 0 Comments
A. There isn't one. PPP deals with the exchange rate and buying power fluctuation between different rates. A dollar is essentially worth the same in chicago as it is in florida.
Answered by brenden b - Tue Oct 17 11:32:12 2006
Q. What is the Purchase Power Parity between Chicago and Florida?
Asked by JJBB - Tue Oct 17 10:09:36 2006 - - 2 Answers - 0 Comments
A. There isn't one. PPP deals with the exchange rate and buying power fluctuation between different rates. A dollar is essentially worth the same in chicago as it is in florida.
Answered by brenden b - Tue Oct 17 11:32:12 2006
power purchasing parity?
Q. What does it mean if a country's PPP is $200 and anothers is $40 000.
Asked by lily89 - Wed Sep 2 19:00:42 2009 - - 1 Answers - 0 Comments
A. I think you are talking about PPP GDP. It means (in theory) that in one country, average resident has same quality of life as somebody who earns $40,000/year does in US, while in the other, it's the same deal but with $200/year. In practice, PPP GDP is computed through complicated process of matching prices of same goods in different countries, and it is hard to do when different countries do not have many similar goods. Which leads to unusually high or low results. On top of that, PPP only refers to monetary income, so $200/year could mean that person grows his own food, lives in a hut that built from salvaged materials, wears clothes that others thew out, and only uses money to replace simple farming tools when they break.
Answered by Bored Goblin - Wed Sep 2 19:29:35 2009
Q. What does it mean if a country's PPP is $200 and anothers is $40 000.
Asked by lily89 - Wed Sep 2 19:00:42 2009 - - 1 Answers - 0 Comments
A. I think you are talking about PPP GDP. It means (in theory) that in one country, average resident has same quality of life as somebody who earns $40,000/year does in US, while in the other, it's the same deal but with $200/year. In practice, PPP GDP is computed through complicated process of matching prices of same goods in different countries, and it is hard to do when different countries do not have many similar goods. Which leads to unusually high or low results. On top of that, PPP only refers to monetary income, so $200/year could mean that person grows his own food, lives in a hut that built from salvaged materials, wears clothes that others thew out, and only uses money to replace simple farming tools when they break.
Answered by Bored Goblin - Wed Sep 2 19:29:35 2009
Macroecon Purchase-Power Parity Q?
Q. The nominal exchange rate between the Canadian dollar and the Peruvian new sol is: e = P* / P where e is the nominal exchange rate between the Canadian dollar and a Peruvian new sol, P is the price of a basket of goods in Canada, and P* is the price of a basket of goods in Peru. Assume purchasing-power parity. If the inflation rate in Peru rises significantly above that in Canada, what happens to the nominal exchange rate between the Canadian dollar and the Peruvian new sol? a. The dollar depreciates and the new sol appreciates. B. The dollar appreciates and the new sol depreciates. C. The nominal exchange rate between the two currencies remains constant. I think the answer is B, but I'm not too sure. Any… [cont.]
Asked by e.danhoetnisa.g - Sun Nov 16 18:34:35 2008 - - 1 Answers - 0 Comments
A. B. The dollar appreciates and the new sol depreciates.
Answered by Jurasea - Sun Nov 16 18:51:05 2008
Q. The nominal exchange rate between the Canadian dollar and the Peruvian new sol is: e = P* / P where e is the nominal exchange rate between the Canadian dollar and a Peruvian new sol, P is the price of a basket of goods in Canada, and P* is the price of a basket of goods in Peru. Assume purchasing-power parity. If the inflation rate in Peru rises significantly above that in Canada, what happens to the nominal exchange rate between the Canadian dollar and the Peruvian new sol? a. The dollar depreciates and the new sol appreciates. B. The dollar appreciates and the new sol depreciates. C. The nominal exchange rate between the two currencies remains constant. I think the answer is B, but I'm not too sure. Any… [cont.]
Asked by e.danhoetnisa.g - Sun Nov 16 18:34:35 2008 - - 1 Answers - 0 Comments
A. B. The dollar appreciates and the new sol depreciates.
Answered by Jurasea - Sun Nov 16 18:51:05 2008
From Yahoo Answer Search: 'Purchasing Power Parity'
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According to IMF data its GDP per capita, based on purchasing power parity , was 18051 dollars in 2009, compared to Lithuania's 15803 dollars and Latvia's ...
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may want to skip this subsection Figure 17 3 shows the situation facing a firm that sells the same product in only two countries Japan and the United States The Figure 17 3 Price Discrimination Japanese market is very competitive so the firm faces an elastic demand curve DJ and marginal revenue curve MRJ
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Source: CIA World Factbook, US Census Bureau, GDP and GDP per capita using . purchasing power parity. *Assuming a back-of-the-envelope ~5% real GDP growth, 1% due to population growth and 4% due to productivity. ...
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