EconPapers    
Economics at your fingertips  
 

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

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

Working Papers from CEPII research center

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: 2020-10
New Economics Papers: this item is included in nep-eec and nep-opm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.cepii.fr/PDF_PUB/wp/2020/wp2020-12.pdf (application/pdf)

Related works:
Journal Article: MULTIPRIL, a New Database on Multilateral Price Levels and Currency Misalignments (2021) Downloads
Journal Article: MULTIPRIL, a new database on multilateral price levels and currency misalignments (2021) Downloads
Working Paper: MULTIPRIL, a New Database on Multilateral Price Levels and Currency Misalignments (2021) 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: https://EconPapers.repec.org/RePEc:cii:cepidt:2020-12

Access Statistics for this paper

More papers in Working Papers from CEPII research center Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2025-03-30
Handle: RePEc:cii:cepidt:2020-12