IMF Working Papers

How Expensive is Norway? New International Relative Price Measures

By Kornelia Krajnyak, Volodymyr Tulin

June 1, 2010

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Kornelia Krajnyak, and Volodymyr Tulin. How Expensive is Norway? New International Relative Price Measures, (USA: International Monetary Fund, 2010) accessed December 14, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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.

Subject: Consumer price indexes, Consumption, Purchasing power parity, Real effective exchange rates, Real exchange rates

Keywords: Exchange rate, Norway, Price level, WP

Publication Details

  • Pages:

    21

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2010/133

  • Stock No:

    WPIEA2010133

  • ISBN:

    9781455201167

  • ISSN:

    1018-5941