Publication
13 Oct 2010
In standard textbooks on macroeconomics, the competitiveness of a country is measured by its relative prices or relative production costs with respect to those in another country, adjusted by the nominal exchange rate. Within a monetary union, the competitiveness measurement takes a simplified form. Since all the member countries share the same currency, the nominal exchange rate equals one.
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English (PDF, 2 pages, 136 KB) |
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Author | Cinzia Alcidi |
Series | CEPS Commentaries |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2010 Centre for European Policy Studies (CEPS) |