[eng] New indicators of effective exchange rates were published in the November issue of the OFCE monthly newsletter; this will be continued on a regular basis. The purpose of this note is to state the methods used to build these indicators and to present a selection of the series calculated and...

[eng] Whereas the seventies' had been characterized by major changes in the relative prices of goods and services, the rise in real interest rates, from 1980 on, has initiated an era of turmoil in the financial markets. The various relative price shocks — the oil price hikes, the rising real...