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MULTIPRIL, a new database on multilateral price levels and currency misalignments
International Economics Pub Date : 2020-12-17 , DOI: 10.1016/j.inteco.2020.12.003
Cécile Couharde , Carl Grekou , Valérie Mignon

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.



中文翻译:

MULTIPRIL,一个有关多边价格水平和货币错位的新数据库

本文介绍了2020年引入的新的CEPII-MULTIPRIL多边价格水平(MPL)数据库。MULTIPRIL数据库涵盖了1990-2018年期间178个国家的广泛样本,并包括相对于两个国家计算的相对价格水平系列根据三种不同的贸易加权方案确定的一组贸易伙伴(177位和前30位)。它还包含1991-2018年期间156个国家/地区基于MPL的货币错位序列。MULTIPRIL具有提高全球价格竞争力比较的覆盖面和质量的潜力。通过关注价格水平数据,它可以有效地补充EQCHANGE数据库的均衡汇率和从指数序列中得出的货币错位。

更新日期:2021-02-12
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