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CONSUMER PRICE PARITIES BETWEEN THE TWO REPUBLICS: SERBIA AND MONTENEGRO

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This paper analyzes consumer price parities between Serbia and Montenegro, focusing on temporal and spatial comparisons. It highlights the changes in comparative price levels and purchasing power parities as of 2002. The introduction of new currencies in Montenegro significantly impacted consumer price relationships and macroeconomic aggregates. The study presents estimations of the comparative price level, changes in price levels, and the increasing share of Montenegro in total GDP metrics. Understanding these dynamics is crucial for economic policy and market analysis in both republics.

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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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