Evaluating alternative measures of the real effective exchange rate / by Robert Lafrance, Patrick Osakwe, and Pierre St-Amant. : FB3-2/98-20E
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 | Working paper1192-543498-20 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Paper |
| Other formats | Electronic-[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. Bibliography. Résumés en français |
| Publishing information | Ottawa - Ontario : Bank of Canada 1998. |
| Binding | Softcover |
| Description | 20p. : graphs, tables ; 28 cm. |
| ISBN | 0-662-27404-0 |
| ISSN | 1192-5434 |
| Catalogue number |
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