Search Results - subject:"Balassa–Samuelson effect"

Equilibrium Exchange Rates in Southeastern Europe, Russia, Ukraine and Turkey : Healthy or (Dutch) Diseased?

Égert, Balázs - 2007

This paper investigates the equilibrium exchange rates of three Southeastern European countries (Bulgaria, Croatia and Romania), of two CIS economies (Russia and Ukraine) and of Turkey. A systematic approach in terms of different time horizons at which the equilibrium exchange rate is assessed...

Persistent link: https://www.econbiz.de/10012778681

Equilibrium Exchange Rates in the New EU Members : External Imbalances vs. Real Convergence

Alberola, Enrique - 2007

New EU members share two very marked features which have conflicting implications for the evolution of their real exchange rates in the long run: accelerated growth and systematic current account imbalances, which would anticipate, respectively an appreciation and a depreciation of their...

Persistent link: https://www.econbiz.de/10012729819

Equilibrium Exchange Rates in Central and Eastern Europe : A Meta-Regression Analysis

Égert, Balázs; Halpern, László - 2007

real misalignments reported in the literature depend on the underlying theoretical approach (Balassa-Samuelson effect …

Persistent link: https://www.econbiz.de/10014067213

The Role of the Exchange Rate Stability in a Small and Open Economy : The Case of the Republic of Macedonia

Besimi, Fatmir - 2007

The purpose of this paper is to present the role of the exchange rate stability in a small and open economy, where the case of the Republic of Macedonia is investigated. Also, an accent is given to the role of the expectations of the economic agents for the future movements of the exchange rate,...

Persistent link: https://www.econbiz.de/10014050275

Monetary policy choices in emerging market economies : the case of high productivity growth

Natalucci, Fabio M.; Ravenna, Federico - 2007

inflation and exchange rate within predetermined numerical targets. We also find that the Balassa-Samuelson effect raises by an … tradable and non-tradable sectors result in an equilibrium appreciation of the real exchange ratethe so-called Balassa-Samuelson … order of magnitude the welfare loss associated with policy rules that prescribe active exchange rate management. -- Balassa-Samuelson …

Persistent link: https://www.econbiz.de/10003854783

Real Exchange Rates in Small Open OECD and Transition Economies: Comparing Apples with Oranges?

Égert, Balázs; Lommatzsch, Kirsten; Lahrèche-Révil, … - William Davidson Institute, University of Michigan - 2007

exchange rate, equilibrium exchange rate, productivity, tradables, Balassa-Samuelson effect … literature, the Balassa-Samuelson effect can account only for part of the observed appreciation (for an overview, see e.g. Égert … Equilibrium Real Exchange Rate 2.2.1 The Balassa-Samuelson Effect: Real Appreciation Due to Nontradable Prices The most often …

Persistent link: https://www.econbiz.de/10005784615

Poland. The EMU entry strategy vs. the monetary issues

Kowalski, Tadeusz; Kowalski, Pawel; Wihlborg, Clas - Volkswirtschaftliche Fakultät, … - 2007

The aim of this overview article is to examine and assess monetary issues crucial for the Economic and Monetary Union (EMU) entry strategy. The optimum currency area (OCA) criteria are not used in assessing Polish suitability for the EMU, as they were not decisive in the process of the EMU...

Persistent link: https://www.econbiz.de/10011109218

Harrod, Balassa, and Samuelson (re)visit Eastern Europe

Sonora, Robert J.; Tica, Josip - In: Cogent Economics & Finance 2 (2014) 1, pp. 1-16

In this paper, we investigate the Harrod-Balassa-Samuelson (HBS) hypothesis in 11 Central and Eastern European transition countries. Unlike previous research, we test the HBS hypothesis with NACE 6 quarterly data which enables us to divide data into tradable and nontradable sectors without...

Persistent link: https://www.econbiz.de/10011559114

The Impact of Capital Flows on the Real Exchange Rate: the Case of Romania

Angela, Roman; Silvia, Ghita-Mitrescu; Diana, Sadoveanu - In: Ovidius University Annals, Economic Sciences Series XIV (2014) 1, pp. 188-193

Harrod-Balassa-Samuelson effect. We found a long-run relationship among the real exchange rate, foreign direct investments …

Persistent link: https://www.econbiz.de/10010940747

Is there a rule of thumb for absolute purchasing power parity to hold?

Zhang, Zhibai - Volkswirtschaftliche Fakultät, … - 2014

US) in light of the Harrod-Balassa-Samuelson effect. The econometric proofs show that absolute PPP holds or closely holds …

Persistent link: https://www.econbiz.de/10011107456