| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29415 |
| 来源ID | Working Paper 29415 |
| Licence to Dine: 007 and the Real Exchange Rate | |
| Lee A. Craig; Julianne Treme; Thomas J. Weiss | |
| 发表日期 | 2021-11-01 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We constructed a time series of menu prices for the identifiable restaurants at which James Bond dined in France and the UK that yields one of the few international price series representing luxury services. This series enabled us to calculate a real exchange rate based on prices pertinent to international travelers. We also compiled a time series on the salary of workers in the British Civil Service at Grade 7, like Bond, from 1953 to 2019. Our results indicate that French restaurant prices increased faster than Grade 7 salaries over the entire period and changes in the British exchange rate were not favorable for British travelers. To dine weekly in France, during the 1950s and 1960s, Bond would have spent 18 percent of his salary; whereas over the course of the Euro era the same basket of luxury services would have required on average 26 percent of his salary. Finally, our data indicate a likely violation of the law of one price during both the Pound-Franc and Pound-Euro eras. |
| 主题 | Microeconomics ; Market Structure and Distribution ; Macroeconomics ; Business Cycles ; International Economics ; International Factor Mobility ; History ; Macroeconomic History ; Other ; Culture |
| URL | https://www.nber.org/papers/w29415 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587089 |
| 推荐引用方式 GB/T 7714 | Lee A. Craig,Julianne Treme,Thomas J. Weiss. Licence to Dine: 007 and the Real Exchange Rate. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29415.pdf（707KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
