How Expensive is Norway? New International Relative Price Measures
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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.
Series:
Working Paper No. 2010/133
Subject:
Consumer price indexes Consumption Purchasing power parity Real effective exchange rates Real exchange rates
English
Publication Date:
June 1, 2010
ISBN/ISSN:
9781455201167/1018-5941
Stock No:
WPIEA2010133
Pages:
21
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