How Expensive is Norway? New International Relative Price Measures

June 1, 2010

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

Pages:
21
Volume:
2010
DOI:
https://doi.org/10.5089/9781455201167.001
Issue:
133
Series:
Working Paper No. 2010/133
Stock No:
WPIEA2010133
ISBN:
9781455201167
ISSN:
1018-5941

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