Evaluating alternative measures of the real effective exchange rate / by Robert Lafrance, Patrick Osakwe and Pierre St-Amant. : FB3-2/98-20E-PDF
This paper discusses the merits and shortcomings of alternative price indices used in constructing real effective exchange rate indices and examines the effects of different weighting schemes. It also compares selected measures of the real effective exchange rate in terms of their ability to explain movements in Canadian net exports and real output. The paper argues that, although different weighting schemes may at times provide useful and complementary information, the choice of a weighting scheme does not, in general, significantly affect on measures of Canada's competitiveness.--Abstract
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | Evaluating alternative measures of the real effective exchange rate / by Robert Lafrance, Patrick Osakwe and Pierre St-Amant. |
| Series title | Bank of Canada working paper1701-939798-20 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Other formats | Paper-[English] |
| Note(s) | "This paper discusses the merits and shortcomings of alternative price indices used in constructing real effective exchange rate indices and examines the effects of different weighting schemes. It also compares selected measures of the real effective exchange rate in terms of their ability to explain movements in Canadian net exports and real output. The paper argues that, although different weighting schemes may at times provide useful and complementary information, the choice of a weighting scheme does not, in general, significantly affect on measures of Canada's competitiveness."--Abstract. The ISBN (0-662-27404-0) and ISSN (1192-5434) for the print edition have been incorrectly copied in this electronic publication. Bibliography. Résumé en français. |
| Publishing information | Ottawa - Ontario : Bank of Canada November 1998. |
| Description | 29p.graphs, tables |
| ISSN | 1701-9397 |
| Catalogue number |
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| Subject terms | Exchange rates |
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