Economics at your fingertips  

MULTIPRIL, a new database on multilateral price levels and currency misalignments

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

International Economics, 2021, vol. 165, issue C, 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: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
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) Downloads
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:

DOI: 10.1016/j.inteco.2020.12.003

Access Statistics for this article

International Economics is currently edited by Valerie Mignon and Marcelo Olarreaga

More articles in International Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

Page updated 2022-09-02
Handle: RePEc:eee:inteco:v:165:y:2021:i:c:p:94-117