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Add concepts with relation to monetary values #1035
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So the concepts of constant prices and nominal prices apply to everything that has as unit And the concepts of real growth rate and nominal growth rate apply to concepts that are ratios like Do you agree to this this? |
Yes. |
So basically, it is a quality of a quantity. |
I close this issue as we have a very similar issue #1585 and it makes sense to discuss in one issue only. |
Description of the issue
While we discussed at Öko about parameters typically used for projecting scenarios we came across two metrics that are related to expressing monetary values (typically GDP, energy prices) and that may be worthwhile having in the oeo.
-> "corrects" for inflation
Since monetary values can also be measured according to nominal values, potentially we may also discuss whether we may need
-> does not "correct" for inflation
Ideas of solution
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Workflow checklist
I am aware that
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