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How Expensive is Norway? New International Relative Price Measures, Kornelia Krajnyak, Volodymyr Tulin

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
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Alternatives to the CPI-Based REER and how can we Measures Them?; A. Why REER Mismeasures Changes in International Relative Prices; B. Alternative Measures; C. How to Construct Import and Export Relative Prices; D. Relative Price Estimates; 1. Norway's International Relative Price Indices; 1. Contributions to Changes in Import Relative Price; 2. Contributions to Changes in Export Relative Price; III. Conclusions and Policy Implications; Appendix 1; Appendix 2; 3. Determinants of Norway's International Relative Prices
Literary Form
non fiction
"June 2010"
Physical Description
1 online resource (37 p.)
Specific Material Designation
Form Of Item

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