MULTIPRIL, a new database on multilateral price levels and currency misalignments
Carl Grekou () and
Valérie Mignon ()
Working Papers from CEPII research center
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: F31 C32 C82 (search for similar items in EconPapers)
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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)
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Persistent link: https://EconPapers.repec.org/RePEc:cii:cepidt:2020-12
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