Title: Currencies, commodities and consumption Author: Kenneth W Clements
Publisher: Cambridge University Press, 2013. Pages: 397
Here is useful source for understanding our changing economic world. The book also provides a plethora of useful data from a variety of sources - and the output from Clements’ own research. It has a broad sweep, analyzing diverse issues such as purchasing power parities, commodity prices, income and consumption comparisons across countries, etc. What makes the volume so exciting is the constant alternation from theory to practice and back. The discovery that understanding one subject helps to understand another is a useful one. This is also a key reference to international economics, international finance and applied econometrics.
While Clements talks about Currencies, Commodities and Consumption, the work is creative, highly professional and very informative. The analysis is anchored in deep historical perspectives with sophisticated empirical techniques. The presentation of the material is clear and accessible.