Nominal and Real Effective Exchange Rates for Europe, 1870-2016 : Some methodological issues
Ljungberg, Jonas LU
(2019)
In Lund Papers in Economic History. General Issues
- Abstract
- This paper presents and discusses a new database on nominal and real effective exchange rates for an extensive range of European countries spanning 1870-2016. Indeed, with the exception of a few countries, such long run historical series have not been previously constructed. To gage the validity of these series, comparisons with the BIS and IMF indices are conducted. In addition to stretching further back in time, it is shown that the new indices are more consistent and transparent in construction, even over the recent period. Limitations of the new series, relating to both some underlying data and the index problem are considered. Supplementary to the effective exchange rate indices, is a collection of cost of living or CPI indices... (More)
- This paper presents and discusses a new database on nominal and real effective exchange rates for an extensive range of European countries spanning 1870-2016. Indeed, with the exception of a few countries, such long run historical series have not been previously constructed. To gage the validity of these series, comparisons with the BIS and IMF indices are conducted. In addition to stretching further back in time, it is shown that the new indices are more consistent and transparent in construction, even over the recent period. Limitations of the new series, relating to both some underlying data and the index problem are considered. Supplementary to the effective exchange rate indices, is a collection of cost of living or CPI indices 1870-1990, which are based on a critical survey in this paper of those indices which are widely used and abused. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/80a540a4-7705-4bd0-b87d-551f23fbe8fc
- author
- Ljungberg, Jonas
LU
- organization
- publishing date
- 2019
- type
- Working paper/Preprint
- publication status
- published
- subject
- keywords
- effective exchange rates, Europe, index problem, CPI, N13, N14, F31, E31
- in
- Lund Papers in Economic History. General Issues
- issue
- 2019:200
- pages
- 60 pages
- project
- Nominal and real effective exchange rates for Europe 1870–2016
- language
- English
- LU publication?
- yes
- id
- 80a540a4-7705-4bd0-b87d-551f23fbe8fc
- date added to LUP
- 2019-06-27 12:37:27
- date last changed
- 2021-09-16 09:51:16
@misc{80a540a4-7705-4bd0-b87d-551f23fbe8fc,
abstract = {{This paper presents and discusses a new database on nominal and real effective exchange rates for an extensive range of European countries spanning 1870-2016. Indeed, with the exception of a few countries, such long run historical series have not been previously constructed. To gage the validity of these series, comparisons with the BIS and IMF indices are conducted. In addition to stretching further back in time, it is shown that the new indices are more consistent and transparent in construction, even over the recent period. Limitations of the new series, relating to both some underlying data and the index problem are considered. Supplementary to the effective exchange rate indices, is a collection of cost of living or CPI indices 1870-1990, which are based on a critical survey in this paper of those indices which are widely used and abused.}},
author = {{Ljungberg, Jonas}},
keywords = {{effective exchange rates; Europe; index problem; CPI; N13; N14; F31; E31}},
language = {{eng}},
note = {{Working Paper}},
number = {{2019:200}},
series = {{Lund Papers in Economic History. General Issues}},
title = {{Nominal and Real Effective Exchange Rates for Europe, 1870-2016 : Some methodological issues}},
url = {{https://lup.lub.lu.se/search/files/66677473/LUPEH_200.pdf}},
year = {{2019}},
}