EXPENDITURE LAGS, INFLATION, AND THE REAL PURCHASING POWER OF GOVERNMENT

2002 ◽  
pp. 246-274
Keyword(s):  
Purchasing Power ◽  
The Real ◽  
Real Purchasing

scholarly journals Deep Learning for EEG-Based Preference Classification in Neuromarketing

2020 ◽  
Vol 10 (4) ◽  
pp. 1525 ◽  
Author(s):  
Mashael Aldayel ◽  
Mourad Ykhlef ◽  
Abeer Al-Nafjan
Keyword(s):  
Deep Learning ◽  
Nearest Neighbor ◽  
Consumer Preferences ◽  
Support Vector ◽  
K Nearest Neighbor ◽  
Consumer Responses ◽  
The Real ◽  
Power Spectral ◽  
Real Behavior ◽  
Real Purchasing

The traditional marketing methodologies (e.g., television commercials and newspaper advertisements) may be unsuccessful at selling products because they do not robustly stimulate the consumers to purchase a particular product. Such conventional marketing methods attempt to determine the attitude of the consumers toward a product, which may not represent the real behavior at the point of purchase. It is likely that the marketers misunderstand the consumer behavior because the predicted attitude does not always reflect the real purchasing behaviors of the consumers. This research study was aimed at bridging the gap between traditional market research, which relies on explicit consumer responses, and neuromarketing research, which reflects the implicit consumer responses. The EEG-based preference recognition in neuromarketing was extensively reviewed. Another gap in neuromarketing research is the lack of extensive data-mining approaches for the prediction and classification of the consumer preferences. Therefore, in this work, a deep-learning approach is adopted to detect the consumer preferences by using EEG signals from the DEAP dataset by considering the power spectral density and valence features. The results demonstrated that, although the proposed deep-learning exhibits a higher accuracy, recall, and precision compared with the k-nearest neighbor and support vector machine algorithms, random forest reaches similar results to deep learning on the same dataset.

Agricultural Terms of Trade in Four Midwestern States, 1870–1900

1974 ◽  
Vol 34 (3) ◽  
pp. 592-609 ◽  
Author(s):  
John D. Bowman ◽  
Richard H. Keehn
Keyword(s):  
Civil War ◽  
Agricultural Sector ◽  
Terms Of Trade ◽  
Traditional View ◽  
Purchasing Power ◽  
The South ◽  
Manufactured Products ◽  
Economic Position ◽  
Real Purchasing ◽  
Social Upheaval

From the end of the Civil War down to 1900, the American agricultural sector was subject to continuous political and social upheaval. While the South and Far West were a part of this movement, the heartland of protest remained in the Midwest. The traditional view has been that this unrest and protest was at least partially based on the worsening economic position of the farmer. Farmers complained of being exploited by moneylenders, victimized by railroads and other middlemen, cheated by speculators and faced with prices received falling faster than prices paid, thus reducing real purchasing power. This last view is put forth by Faulkner: “While the prices of farm commodities declined, those of manufactured products, dominated by monopoly practices, remained high or did not decline proportionally.”

scholarly journals The Relationship between Real Wages and Output: Evidence from Pakistan

2000 ◽  
Vol 39 (4II) ◽  
pp. 1111-1126 ◽  
Author(s):  
Afia Malik ◽  
Ather Maqsood Ahmed
Keyword(s):  
Business Cycles ◽  
Interest Rates ◽  
Real Wage ◽  
Phillips Curve ◽  
Labour Supply ◽  
Nominal Wage ◽  
Purchasing Power ◽  
Real Wages ◽  
The Real ◽  
The Relationship

Information on wage levels is essential in evaluating the living standards and conditions of work and life of the workers. Since nominal wage fails to explain the purchasing power of employees, real wage is considered as a major indicator of employees purchasing power and can be used as proxy for their level of income. Any fluctuations in the real wage rate have a significant impact on poverty and the distribution of income. When used in relation with other economic variables, for instance employment or output they are valuable indicators in the analysis of business cycles. There has been a long debate regarding the relationship between real wages and the employment (output). Despite the apparent simplicity, the relationship between real wages and output has remained deceptive both theoretically and empirically. Keynes (1936) viewed cyclical movements in employment along a stable labour demand schedule thus indicating counter cyclical real wages. His deduction is in line with sticky wages and sticky expectations, which augments models like Phillips curve. In these models real wages behaved as counter-cyclical as nominal wages are slow to adjust during recession (decrease in aggregate demand and associated slowdown in price growth). Stickiness of wages or expectations shifts the labour supply over the business cycles [Abraham and Haltiwanger (1995)]. Barro (1990) and Christiano and Eichenbaum (1992) have associated these labour supply shifts with intertemporal labour-leisure substitution. This in response to temporary changes in real interest rates (fiscal policy shocks) could yield counter-cyclical real wages. However, Long and Plosser (1983) and Kydland and Prescott (1982) while studying the real business cycle models highlight on the technology shocks which leads to pro-cyclical real wages.

scholarly journals Factors affecting the policy for determining the retail selling price of gas oil in Indonesia

2021 ◽  
Vol 10 (6) ◽  
pp. 383-393
Author(s):  
Yosephin Kharisma Erga ◽  
Ken Martina Kasikoen
Keyword(s):  
Linear Regression Analysis ◽  
Purchasing Power ◽  
Selling Price ◽  
Real Economy ◽  
Gas Oil ◽  
Society Business ◽  
The Real ◽  
Financial Capacity ◽  
The People

Presidential Regulation No. 191/2014, regulates the subsidy policy for Gas Oil, which is a fixed subsidy. Meanwhile, the retail selling price of Gas Oil will fluctuate in the society according to the formula calculation. However, since April 2016 the price of Gas Oil has been fixed. In certain cases, the determination of the retail selling price may differ from the calculation of the formula considering the state's financial capacity, the purchasing power of the people, and the real economy. This research will examine the influence of the state's financial capacity, the purchasing power of the people, and the real economy, either partially or simultaneously, on the policy of determining the retail sale price, and its impact. The test was carried out through multiple linear regression analysis using IBM Statistics 20. The results showed that the state's financial capacity and the real economy had a significant effect on the retail selling price policy for JBT Solar Oil. Meanwhile, people's purchasing power does not have a significant effect. The determination of the retail selling price of Gas Oil that is not in accordance with the calculation formula may give an impact on society, business entities, and the government.

Purchasing Power Parity and Real Exchange Rates

2019 ◽  
Author(s):  
Menzie D. Chinn
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Real Exchange Rate ◽  
Purchasing Power Parity ◽  
Time Horizon ◽  
Nominal Exchange Rate ◽  
Purchasing Power ◽  
Power Parity ◽  
The Real ◽  
Short Run

The idea that prices and exchange rates adjust so as to equalize the common-currency price of identical bundles of goods—purchasing power parity (PPP)—is a topic of central importance in international finance. If PPP holds continuously, then nominal exchange rate changes do not influence trade flows. If PPP does not hold in the short run, but does in the long run, then monetary factors can affect the real exchange rate only temporarily. Substantial evidence has accumulated—with the advent of new statistical tests, alternative data sets, and longer spans of data—that purchasing power parity does not typically hold in the short run. One reason why PPP doesn’t hold in the short run might be due to sticky prices, in combination with other factors, such as trade barriers. The evidence is mixed for the longer run. Variations in the real exchange rate in the longer run can also be driven by shocks to demand, arising from changes in government spending, the terms of trade, as well as wealth and debt stocks. At time horizon of decades, trend movements in the real exchange rate—that is, systematically trending deviations in PPP—could be due to the presence of nontraded goods, combined with real factors such as differentials in productivity growth. The well-known positive association between the price level and income levels—also known as the “Penn Effect”—is consistent with this channel. Whether PPP holds then depends on the time period, the time horizon, and the currencies examined.

The ‘Real’ Price of Primary Products

1977 ◽  
Vol 81 ◽  
pp. 72-76 ◽  
Author(s):  
G.F. Ray
Keyword(s):  
19Th Century ◽  
Commodity Prices ◽  
Purchasing Power ◽  
The Real ◽  
Export Prices ◽  
Real Price ◽  
Primary Products ◽  
Real Value ◽  
High Level ◽  
The 19Th Century

This article traces the course of world commodity prices back to the middle of the 19th century and attempts to assess the changes in their purchasing value by deflating them by the export prices of manufactured goods. The purchasing power of commodity prices was in decline over long periods but they usually regained their earlier real value, or improved on it, in powerful upsurges of which the 1972-74 boom was the most recent; it was also unique in peacetime and, though with fluctuations, the purchasing value of commodities has since remained at a relatively high level.

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