Latin phrase meaning "other things equal" or "all other things held constant". Used to isolate effects of one variable while ignoring others. Essential in scientific inquiry to eliminate interfering factors
Price elasticity measures how sensitive quantity demanded is to price changes. Most goods have negative elasticity, except Veblen and Giffen goods. Elasticity is calculated as percentage change in quantity divided by percentage change in price
Inflation measures currency value changes over time. Prices rise as currency value changes. Inflation rate shows price increase speed over specific period
Both are Latin phrases used in economics and finance. Ceteris paribus means "all other things equal" or "held constant". Mutatis mutandis means "allowing other things to change accordingly"
Exchange rate forecasting helps organizations make informed decisions about money use. Methods fall into fundamental (economic factors) and technical (statistical changes) categories. Combination of tools often provides most accurate forecasts
IMF data available through homepage, Datastream and UKDS.Stat platforms. Users can register or sign in to access data. Datastream enables integration with other international data series. UKDS.Stat provides bulk downloads of IMF data