Real Exchange Rate Indexes for the Canadian Dollar
AbstractIn this article, the authors explain the methodology used to construct real exchange rate (RER) indexes. They also compare and assess various Canadian RER indexes from both an empirical and conceptual standpoint. The authors conclude that both theory and empirical evidence suggest that the best RER indexes are those based on unit labour costs. They note, however, that, for practical reasons, policy-makers should also consider RER indexes based on prices when formulating monetary policy.
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Bibliographic InfoArticle provided by Bank of Canada in its journal Bank of Canada Review.
Volume (Year): 1999 (1999)
Issue (Month): Autumn ()
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- Carlos Huertas Campos & Consuelo Villalba Torres & Julián Parra, 2004.
"Índice De Competitividad Colombiana Con Terceros Países En El Mercado Estadounidense (Itcr-C),"
BORRADORES DE ECONOMIA
002836, BANCO DE LA REPÚBLICA.
- Carlos A.Huertas Campos & Consuelo Villalba Torres & Julián A.Parra Polanía, . "Índice de Competitividad Colombiana con Terceros Países en el Mercado Estadounidense (ITCR-C)," Borradores de Economia 273, Banco de la Republica de Colombia.
- Tarek Harchaoui & Faouzi Tarkhani & Terence Yuen, 2005. "The Effects of the Exchange Rate on Investment: Evidence from Canadian Manufacturing Industries," Working Papers 05-22, Bank of Canada.
- repec:cml:incocp:1-11 is not listed on IDEAS
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