MULTIPRIL, a New Database on Multilateral Price Levels and Currency Misalignments

Cécile Couharde (), Carl Grekou and Valérie Mignon ()

International Economics, 2021, issue 165, 94-117

Abstract: This paper describes the new CEPII-MULTIPRIL database on Multilateral Price Levels (MPL) introduced in 2020. The MULTIPRIL database covers a wide sample of 178 countries over the 1990–2018 period, and includes relative price level series computed vis-à-vis two sets of trading partners (177 and the top 30) according to three different trade-weighting schemes. It also contains MPL-based currency misalignments series for 156 countries over the 1991–2018 period. MULTIPRIL offers the potential to improve the coverage and quality of worldwide price-competitiveness comparisons. By focusing on price level data, it usefully complements the EQCHANGE database on equilibrium exchange rates and currency misalignments derived from series in indices. Its multilateral setting provides a more comprehensive picture of relative price levels and currency misalignments compared to existing bilateral measures.

Keywords: Multilateral price levels; Equilibrium exchange rates; Currency misalignments; Bayesian model averaging (search for similar items in EconPapers)
JEL-codes: C32 C82 F31 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.sciencedirect.com/science/article/pii/S2110701720302882 (text/html)

Related works:
Journal Article: MULTIPRIL, a new database on multilateral price levels and currency misalignments (2021)
Working Paper: MULTIPRIL, a New Database on Multilateral Price Levels and Currency Misalignments (2021)
Working Paper: MULTIPRIL, a new database on multilateral price levels and currency misalignments (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cii:cepiie:2021-q1-165-1

Access Statistics for this article

More articles in International Economics from CEPII research center Contact information at EDIRC.
Bibliographic data for series maintained by ().