20 Jul 2016
- post
Comparing money across time and space
Let's say there were two EU-funded projects: a Greek one from 2013 that cost 1 million eur, and a Romanian one from 2007 that cost 4 million lei. Which of the projects was more expensive? While this question seems deceptively simple, providing a correct answer is not as straightforward as we might expect. Moreover, the ability to compare money is essential for analyses of fiscal data, so it is important we get this answer right.
Read More