How Expensive is Norway? New International Relative Price Measures / Kornelia Krajnyak, Volodymyr Tulin.

Format:

Book

Government document

Author/Creator:

Krajnyak, Kornelia.

Contributor:

Tulin, Volodymyr.

International Monetary Fund. European Dept.

Series:

IMF Working Papers; Working Paper ; No. 2010/133

IMF Working Papers

Language:

English

Subjects (All):

Prices--Norway--Econometric models.

Prices.

Norway--Economic conditions.

Norway.

Physical Description:

1 online resource (37 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2010.

Summary:

In this paper, we derive two new measures of international relative prices for Norway. Developments in these new measures follow rather closely movements in the CPI-based real effective exchange rate through the 1990s, but diverge after 2000—suggesting that the costs of living in Norway relative to its trading partners have risen in the recent years more than the real effective exchange rate would indicate.

Contents:

Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Alternatives to the CPI-Based REER and how can we Measures Them?; A. Why REER Mismeasures Changes in International Relative Prices; B. Alternative Measures; C. How to Construct Import and Export Relative Prices; D. Relative Price Estimates; 1. Norway's International Relative Price Indices; 1. Contributions to Changes in Import Relative Price; 2. Contributions to Changes in Export Relative Price; III. Conclusions and Policy Implications; Appendix 1; Appendix 2; 3. Determinants of Norway's International Relative Prices

ReferencesFootnotes

Notes:

"June 2010".

Description based on print version record.

ISBN:

9786612846083

9781462328499

1462328490

9781455296965

1455296961

9781282846081

1282846086

9781455201167

1455201162

OCLC:

867926649