Real Exchange Rates and Competitiveness: A Clarification of Concepts, and Some Measurements for Europe

This paper examines indicators of competitiveness. It analyzes the conceptual foundations of conventional measures of the real exchange rate and finds that inferences about competitiveness from these indicators require strong, and in many cases implausible, assumptions. Based on this analysis some a...

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1. Verfasser: Lipschitz, Leslie (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C International Monetary Fund 1991
Schriftenreihe:IMF Working Papers Working Paper No. 91/25
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Zusammenfassung:This paper examines indicators of competitiveness. It analyzes the conceptual foundations of conventional measures of the real exchange rate and finds that inferences about competitiveness from these indicators require strong, and in many cases implausible, assumptions. Based on this analysis some alternative measures are proposed and their use is illustrated using data from Europe. Given the usefulness of standardized indicators, four simple charts are proposed; these help solve some conundrums in the European data and provide the basis for a richer set of inferences about competitiveness
Beschreibung:1 Online-Ressource (48 p)
ISBN:1451844182
9781451844184

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