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KIAM Preprint № 137, Moscow, 2017
Authors: Podlazov A. V.
Dynamics of the relative price level of oil-exporting countries
Abstract:
I reconstruct for a number of countries monthly values of purchasing power parity on the basis of its annual values and consumer price index values. I demonstrate the possibility to approximate with good accuracy the relative price level for oil exporting countries with a power-law function of oil prices. I determine the indices of this dependence for Russia, Canada, Norway and Kazakhstan. I analyze the influence of the oil conjuncture on the stability of the US dollar as a universal unit of measurement.
Keywords:
cross-country comparisons, purchasing power parity, relative price level, consumer price index, gross domestic product, economic crisis, reconstruction, oil exports
Publication language: russian,  pages: 12
Research direction:
Mathematical modelling in actual problems of science and technics
Russian source text:
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About authors:
  • Podlazov Andrey Viktorovich,  orcid.org/0000-0002-0328-3814KIAM RAS