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CONSUMER PRICE PARITIES BETWEEN THE TWO REPUBLICS: SERBIA AND MONTENEGRO

CONSUMER PRICE PARITIES BETWEEN THE TWO REPUBLICS: SERBIA AND MONTENEGRO. Dragi Stojiljkovi ć Miroslav Jankovi ć (Statistical Office of Serbia and Montenegro ). INTRODUCTION. Consumer price comparisons: Changes in time Spatial comparisons. INTRODUCTION.

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CONSUMER PRICE PARITIES BETWEEN THE TWO REPUBLICS: SERBIA AND MONTENEGRO

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  1. CONSUMER PRICE PARITIESBETWEEN THE TWO REPUBLICS:SERBIA AND MONTENEGRO Dragi Stojiljković Miroslav Janković (Statistical Office of Serbia and Montenegro)

  2. INTRODUCTION Consumer price comparisons: • Changes in time • Spatial comparisons

  3. INTRODUCTION Consumer price comparisons between the two republics: • Serbia • Montenegro

  4. STATISTICAL METHODS • The purchasing power parities • The comparative price levels

  5. ESTIMATIONS, 2002

  6. Estimation of the comparative price level in Serbia and Montenegro, 2002

  7. ESTIMATIONS, 2002

  8. Changes in comparative price levels in Montenegro (Serbia = 100)

  9. The share of Montenegro in total GDP (Serbia and Montenegro= 100)

  10. CONCLUSIONS Changes in relations of consumer price levels between the two republics: • are caused by introduction of the new currencies in Montenegro • but, these changes also caused increasing share of Montenegro in total macroeconomic aggregates

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