Lothian, James R. (contributor); Taylor, Mark P. (contributor) - 2006
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WARWICK ECONOMIC RESEARCH PAPERS
DEPARTMENT OF ECONOMICS
RealExchangeRatesOverthePastTwo …,theideathatproductivityshocksmayaffectthe
equilibriumrealexchangerate theso-calledHarrod-Balassa-Samuelson(HBS)
effect has a fairly long history in economics (Harrod, 1933; Balassa, 1964 …