How Expensive is Norway? New International Relative Price Measures
22 Pages Posted: 21 Jun 2010
Date Written: June 2010
Abstract
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.
Keywords: Consumer price indexes, Cost of living, Norway, Price structures, Prices, Real effective exchange rates
Suggested Citation: Suggested Citation
Tulin, Volodymyr and Krajnyak, Kornelia, How Expensive is Norway? New International Relative Price Measures (June 2010). IMF Working Paper No. 10/133, Available at SSRN: https://ssrn.com/abstract=1627068
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