Contributions

  • International Monetary Fund. Research Dept. - Contributor

Publication

2006 - International Monetary Fund, Research Dept., Washington, D.C., District of Columbia

Language

English

Word Count

4,750 words, Guess

Page Count

19 pages

Identifiers

  • Better World Books9781451864694
  • Better World Books9781452738031
  • Better World Books9781451909227
  • Open LibraryOL21448054M

Classifications

  • LCCHD41

Description

This paper reviews alternative approaches to measuring an economy's cost competitiveness and proposes some new measures inspired by the economic theory of index numbers. The indices provide a theoretical benchmark for estimated real effective exchange rates, but differ from standard measures in that they are based on marginal rather than average sectoral shares in GDP or employment. The use of the new indices is illustrated by some simple calculations that highlight the potential exposure of the Irish economy to fluctuations in the euro-sterling exchange rate.

Subjects

Series Statement

  • IMF working paper -- WP/06/209

Links

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