Nominal and Real Effective Exchange Rates for Europe, 1870-2016: Some methodological issues

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Sammanfattning

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.
Originalspråkengelska
Antal sidor60
StatusPublished - 2019

Publikationsserier

NamnLund Papers in Economic History. General Issues
FörlagDepartment of Economic History, Lund University
Nr.2019:200

Ämnesklassifikation (UKÄ)

  • Ekonomisk historia

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