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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

Lien permanent pour cette publication :
publications.gc.ca/pub?id=9.571682&sl=1

Renseignements sur la publication
Ministère/Organisme
  • Bank of Canada.
TitreEvaluating alternative measures of the real effective exchange rate / by Robert Lafrance, Patrick Osakwe and Pierre St-Amant.
Titre de la série
  • Bank of Canada working paper 1701-9397 98-20
Type de publicationMonographie - Voir l'enregistrement principal
Langue[Anglais]
FormatTexte numérique
Document électronique
Autres formats offertsTexte matériel-[Anglais]
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.
Information sur la publication
  • Ottawa - Ontario : Bank of Canada November 1998.
Description29p.graphs, tables
ISSN1701-9397
Numéro de catalogue
  • FB3-2/98-20E-PDF
Descripteurs
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