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