Bundesbank economists propose indicator for price competitiveness
Researchers assess 57 industrialised and emerging countries
Two economists from the Deutsche Bundesbank propose a new indicator of international price competitiveness in a working paper published by the European Central Bank (ECB) today.
In A consistent set of multilateral productivity approach-based indicators of price competitiveness, Christoph Fischer and Oliver Hossfeld assess 57 industrialised and emerging countries with their indicator.
The tool, they say, is designed to "be a useful assessment tool for monetary policy authorities" as it is more
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