![]() The more affordable Mac would serve as a replacement for the MacBook Air, and while details have been scant about the rumored machine, it could turn out to belong to the 12-inch MacBook family,” Hardwick reports. “Apple is expected to to introduce a new entry-level 13-inch MacBook at its October 30 event in New York City. ![]() “Some of the numbers refer to existing models that are being updated in the registry to merely indicate they come with the latest macOS Mojave operating system,” Hardwick reports, “but four of the numbers currently don’t have counterparts in Apple’s Mac lineup.” “The filings, discovered by MySmartPrice and French website Consomac, are legally required for any devices with encryption sold in Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia. Since 2016, however, these trends have actually reversed, helping to gradually reduce the price differential.“Apple has registered new Macs with the Eurasian Economic Commission (EEC) this week, indicating that new models and refreshes could be just around the corner,” Tim Hardwick reports for MacRumors. Figure 3 helps unpack the story: the relative price gap of Big Macs between Germany on the one hand and France and Italy on the other actually widened from 2011 to 2016, as prices in the former remained flat and continued to rise in the latter. ![]() On a brighter note, however, recent developments may be finally working in the desired direction. The International Monetary Fund made this case much more formally in its latest External Sector Report: it found an overvalued real effective exchange rate in France and Italy (by 4% and 5% respectively) and a significantly undervalued one in Germany (by 15%) for 2017. ![]() To the extent that 2011 prices captured a misalignment in real exchange rates, that misalignment persists (or has possibly been exacerbated by widening productivity differentials in the same period). Prices in France and Italy have grown (+0.70 EUR) virtually as much as prices in Germany (+0.72 EUR) (Figure 1) and faster relative to the euro area in general (Figure 2). ![]() Another point to note is that relative prices of Big Macs have not changed among the large euro-area economies. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |