Series: IMF Working Papers
Author(s): Herman Bennett , and Ziga Zarnic
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2008
Keywords: International competitiveness, real effective exchange rate, product heterogeneity, industry level, structure of competitors, services exports, reer, competitiveness, exporters, exports of goods,
The real effective exchange rate (REER) is the most commonly used measure for assessing international competitiveness. We develop a methodology to estimate the REER that incorporates two distinctive elements that a...