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5
votes
1answer
135 views

Web sites for historical foreign currency exchange rates and inflation data?

Say that I'm watching a Swedish movie from the 1970s where a bank gets robbed and the robbers get away with 10 million SEK. I might then like to know how much that corresponds to in U.S. dollars ...
4
votes
3answers
265 views

How do economists gather retail price data, such as for tracking inflation?

How do economists track the prices of things like milk, produce, furniture and other retail products? Do they have people with clipboards going out to stores and gathering data? Scrape web sites? ...
2
votes
2answers
241 views

What is the meaning of 'indexing' something?

From a document about 2011 taxes, I came across this line: For 2011, the income thresholds, personal amounts, and tax reduction amounts are indexed. They have been increased based on changes in ...
3
votes
3answers
197 views

When the Reserve Bank determines the interest rates, do they take the house prices into account?

My knowledge of how interest rates work (please correct me if I'm wrong) is that it is set by the Central Bank of a country. They're supposed to be apolitical and independent and their decision ...