tag:blogger.com,1999:blog-7342528022617501525.post4746135177192583552..comments2024-03-28T15:05:33.781+13:00Comments on Economics New Zealand: Purchasing power parity? I don't think soDonal Curtinhttp://www.blogger.com/profile/03687495556590450225noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7342528022617501525.post-45923794236029262882016-04-21T19:28:15.417+12:002016-04-21T19:28:15.417+12:00Purchasing Power Parity :- World Economics is an o...<a href="http://worldeconomics.com/" rel="nofollow">Purchasing Power Parity</a> :- World Economics is an organisation dedicated to producing insight, analysis and data relating to questions of key importance in understanding the world economy.webmasterhttps://www.blogger.com/profile/16197469845872716301noreply@blogger.comtag:blogger.com,1999:blog-7342528022617501525.post-19113729918770709982016-04-21T19:27:18.585+12:002016-04-21T19:27:18.585+12:00This comment has been removed by the author.webmasterhttps://www.blogger.com/profile/16197469845872716301noreply@blogger.comtag:blogger.com,1999:blog-7342528022617501525.post-53225911676741382542014-03-13T16:09:23.927+13:002014-03-13T16:09:23.927+13:00Sure. I appreciate that it's a rather subjecti...Sure. I appreciate that it's a rather subjective take on where PPP might lie, though I'm also aware that people who have tracked a long-term (50 year) series of the actual A$/NZ$ rate have found that it consistently lies below the OECD PPP rate, which is somewhat odd and leads you to think that either there's some wedge that isn't closing, or that the PPP rate is out of whack (or maybe both). Donal Curtinhttps://www.blogger.com/profile/03687495556590450225noreply@blogger.comtag:blogger.com,1999:blog-7342528022617501525.post-35254054737850125732014-03-13T15:30:18.721+13:002014-03-13T15:30:18.721+13:00There are definitely relative price differences be...There are definitely relative price differences between the countries - which makes comparing bundles a pretty fraught experience! From a tourist side I agree with you, but there supermarkets over there are pretty crazy expensive, and even at parity their alcohol is obscenely expensive!<br /><br />I like to use the Aus/NZ PPP as an example of where our priors about exchange rates can be a bit out of whack - so ultimately I'd put this down as an issue that we need to be careful with, and deserves further investigation ;)Matt Nolanhttps://www.blogger.com/profile/05615455113796090765noreply@blogger.com