Series: IMF Working Papers
Author(s): J. Peter Neary
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2006
Keywords: Competitiveness, economic theory of index numbers, European Monetary Union (EMU), real effective exchange rates (REERs), exchange rates, exchange rate, effective exchange rates, nominal exchange rate, Macroeconomic Aspects of International Trade and Finance: General,
This paper reviews alternative approaches to measuring an economy's cost competitiveness and proposes some new measures inspired by the economic theory of index numbers. The indices provide a theoretical benchmark...