Prices
in sentence
6195 examples of Prices in a sentence
The result is higher
prices
and no job creation.
Such an approach would reduce the risk of debt deflation, while capping inflation expectations to prevent a damaging surge in
prices
as recovery takes hold.
Commodities on the RiseSEOUL – The commodity super-cycle – in which commodity
prices
reach ever-higher highs, and fall only to higher lows – is not over.
Despite the euphoria around shale gas – indeed, despite weak global growth – commodity
prices
have risen by as much as 150% in the aftermath of the financial crisis.
As more of China’s population converges to Western standards of consumption, demand for commodities – and thus their
prices
– will remain on an upward trajectory.
As long as China’s commodity demand grows at a higher rate than global supply,
prices
will rise.
And the rapid economic growth that China’s leaders must sustain in order to lift enormous numbers of people out of poverty – and thus prevent a crisis of legitimacy – places a floor under global food, energy, and mineral
prices.
The reserve price places a cap on how high commodity
prices
will go, as it is the price at which demand destruction occurs (consumers are no longer willing or able to purchase the good or service).
By implication, if nothing else, global energy, food, and mineral
prices
will continue to be buoyed by seemingly insatiable emerging-market demand, which commands much higher reserve
prices.
Ultimately, emerging economies’ absolute size and rate of growth both matter in charting commodity demand and the future trajectory of global commodity prices, with per capita income clearly linked to consumers’ wealth.
Of course, upward pressure on commodity
prices
also stems from supply-side challenges.
Around the world, governments are taking greater control of resources and imposing policies that hamper global production and ultimately force
prices
higher.
Of course, technological advances, like hydraulic fracturing (“fracking”) in the shale-gas industry, could increase supply and therefore lower
prices.
But mounting environmental challenges, and the limited availability of commodity substitutes, suggest that a reprieve on commodity
prices
is not near.
While short-term factors – for example, political instability, weather-related disruptions, and speculative activity – are important determinants of prices, they tell only part of the story.
The economic fundamentals of supply and demand remain the key factors in driving the direction of commodity
prices
and determining whether the commodity super-cycle will persist.
In practical terms, this means that oil prices, for example, are more likely to hover near $120 per barrel over the next decade, rather than $50; and we are unlikely to see a $20 barrel of oil ever again.
A handful of metal
prices
cannot settle a sprawling Malthus vs. Cornucopia argument, just as a single data point for unemployment cannot be the final word in the dispute between Cowen and Caplan.
Ehrlich and Simon should have made a wider array of predictions, on metal prices, food production, air quality, and other factors.
Productivity gains had stalled, energy
prices
were high, the backlog of potential technologies that originated in the Great Depression had been exhausted, and waning benefits from economies of scale led nearly every economist to project that economic growth would be slower in the future than it had been in the past.
As America’s terms of trade (the ratio of export
prices
to import prices) deteriorate, demand is shifted toward US goods, keeping the economy at full employment.
If
prices
are “sticky” (in the producer’s currency), however, a potential hitch emerges.
Say the
prices
of US imports from Japan are sticky in Japanese yen and the
prices
of US exports to Japan are sticky in dollars.
By enabling monetary expansion, and thus causing the US dollar to depreciate, the logic goes, a floating exchange rate allows the
prices
of US exports to decline relative to its imports.
We exclude the
prices
of commodities (oil, copper, and other such goods that are traded on an exchange), as these
prices
are not sticky.
The origin of this disconnect – which Camila Casas, Federico Diez, Pierre-Olivier Gourinchas, and I describe in a 2016 paper – seems to be that, for the vast majority of internationally traded goods,
prices
are sticky in dollars, not in the producer’s currency, as Friedman’s reasoning required.
But 80% of US imports from Japan are invoiced in dollars, meaning that those prices, too, are sticky in dollars, rather than in Japanese yen.
In fact, we document that global trade
prices
and volumes are driven by the dollar exchange rate, rather than the exchange rate between the two trading partners’ currencies.
Financial institutions that have come to doubt their borrowers’ ability to repay sell the debt to third parties at knock-down prices, often for as little as five cents on the dollar.
The High Cost of Food Monopolies in AfricaLAGOS – In May, global food
prices
increased 1.2%, reaching their highest level since October 2017.
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