I found an article in which one of explanatory variable is "neer". From this article "The rise (decline) in this variable points to the appreciation (depreciation) in excess of the appreciation of the Swiss franc."
Further we have "The positive sign of the coefficient means that the appreciation of domestic currencies vis-à-vis those of their trading partners relative (rise in neer) leads to higher price levels ceteris paribus."
So, I have several questions. Is neer local currency/swiss franc? How will look like the interpretation when we have swiss franc/local currency? Will in this situation the negative sign of the coefficient be?