Завышена ли стоимость евро?

КЕМБРИДЖ. Американские путешественники в Париже или Берлине постоянно удивляютсявысоким ценам, сравнивая их с ценами в Соединенных Штатах. Комната в отеле, простой завтрак или мужская рубашка – все стоит дороже, чем это бы стоило в Нью-Йорке или Чикаго, если сумму перевести по курсу. Чтобы снизить цены на эти товары и услуги до уровня цен в США, потребуется, чтобы евро упал по отношению к доллару примерно на 15% до 1,10 евро за доллар.

Из этой арифметики не трудно сделать заключение, что евро имеет завышенную стоимость и что, вероятнее всего, он будет продолжать свое падение, которое он начал в декабре прошлого года. Но такой вывод был бы неправильным. Если заглянуть в будущее, то евро, скорее, будет подниматься назад до уровня 1,60 долларов за евро, которого он достиг в 2008 году.

Существует три причины, почему впечатление путешественника о том, что стоимость евро завышена, ошибочно. Во-первых, цены, которые он видит, увеличены, в основном, за счет налога на добавленную стоимость (НДС), который широко применяется в Европе, но неизвестен в США. Уберите НДС, величина которого обычно 15% и более, и цены в Европе станут такими же, как в США.

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