Topic
Purchasing power
About: Purchasing power is a research topic. Over the lifetime, 2714 publications have been published within this topic receiving 36866 citations. The topic is also known as: adjusted for inflation.
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TL;DR: In this article, a reverse mortgage approach is combined with a graph of a multiple decrement-competing risk approach to achieve better forecasting of supply and demand and to show how tax policies influence the housing market and the inventory of empty homes.
51 citations
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TL;DR: In this article, the authors examined the impact of persistent real factors, in particular, lower commodity prices, on the Canadian exchange rate and concluded that the current deviation from the PPP rate does not imply that the exchange rate is undervalued.
Abstract: This article examines the concept of purchasing-power parity (PPP) and its implications for the equilibrium value of the Canadian exchange rate. PPP has two main applications, as a theory of exchange rate determination and as a means to compare living standards across countries. Concerning exchange rate determination, PPP is mainly useful as a reminder that monetary policy has no long-run impact on the real exchange rate, since the exchange rate can deviate persistently from its PPP value in response to real shocks. To compare living standards across countries, PPP exchange rates constructed by comparing the prices of national consumption baskets are used to translate per capita national incomes into a common currency. These rates are useful because they offset differences in national price levels to obtain comparable measures of purchasing power, but they are not an accurate measure of the equilibrium value of the exchange rate. The authors conclude that the current deviation of the Canadian exchange rate from the PPP rate does not imply that the exchange rate is undervalued, but that this deviation reflects the impact of persistent real factors, in particular, lower commodity prices.
51 citations
31 Dec 1971
51 citations
TL;DR: In this paper, an analysis of the interrelationships of small shops was made using data from a survey undertaken in 1976 of one sector of the city of Santiago, Chile, and the results showed that informal foodstuffs commercial establishments are able to compete successfully with modern units (supermarkets); that they represent an efficient use of resources given the overall framework of job scarcity in the modern sector, the low purchasing power which characterizes the market and the organization of production in the informal units; and that although a decrease in their share of the market can be expected in the long run
51 citations
TL;DR: In this paper, the authors investigate the extent to which prices of ecological products are fair and explore the gap that can exist between the pricing policies adopted by enterprises and consumers' price expectations in terms of fairness.
Abstract: This study investigates the extent to which prices of ecological products are fair. In particular, it explores the gap that can exist between the pricing policies adopted by enterprises and the consumers' price expectations in terms of fairness. The existing academic literature on sustainable consumption neglects this question.
Findings from a qualitative investigation combining a consumer study and enterprise case studies show that managers' behaviors vary. While some enterprises take into account consumers' expectations and purchasing power to propose a fair price based on the value of the green product, others continue to adopt a pricing policy that is exclusively based on profitability and competition. The authors draw some business and academic implications. Copyright © 2012 John Wiley & Sons, Ltd and ERP Environment.
51 citations