کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
964604 930566 2014 18 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
A consistent set of multilateral productivity approach-based indicators of price competitiveness – Results for Pacific Rim economies
ترجمه فارسی عنوان
یک مجموعه سازگار از شاخص های مبتنی بر رویکرد بهره وری چند جانبه از رقابت قیمت؟ نتایج برای اقتصادهای اقیانوس آرام
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی


• We propose a multilaterally consistent price competitiveness indicator.
• It is designed to be an assessment tool for monetary policy authorities.
• The discussion of the results focuses on Pacific Rim economies.
• US price competitiveness is found to be above, China's to be below, the benchmark.

We propose a novel, multilaterally consistent productivity approach-based indicator to assess the international price competitiveness of 57 industrialized and emerging economies. It is designed to be a useful assessment tool for monetary policy authorities and, thereby, differs from previously proposed indicators, which are hardly applicable on a day-to-day basis. Special attention has been paid to an appropriate selection of price and productivity data in levels as opposed to indices, and to the treatment of country fixed effects when interpreting currency misalignments. The discussion of the results focuses on Pacific Rim economies. At the current juncture, and in contrast to the prevailing view, we find US price competitiveness to be above and China's price competitiveness to be below its derived benchmark.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Money and Finance - Volume 49, Part A, December 2014, Pages 152–169
نویسندگان
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