Search Results - subject:"Samuelson"

Catching-up and inflation in transition economies: the Balassa-Samuelson effect revisited

Mihaljek, Dubravko; Klau, Marc - Bank for International Settlements (BIS) - 2008

This paper estimates the Balassa-Samuelson effects for 11 countries in central and eastern Europe on a disaggregated … set of quarterly data covering the period from the mid-1990s to the first quarter of 2008. The Balassa-Samuelson effects … total domestic inflation (about 1.1 percentage points on average). The paper presents mixed evidence on whether the Balassa-Samuelson …

Persistent link: https://www.econbiz.de/10005127724

MEDIDAS ALTERNATIVAS DE TASA DE CAMBIO REAL PARA COLOMBIA

Masmela, Gloria Alonso; Hernández, Juan Nicólas; … - BANCO DE LA REPÚBLICA - 2008

En un escenario como el actual, de continua apreciación nominal del pesocolombiano frente al dólar, se hace relevante insistir en el uso de un concepto másamplio, como es la tasa de cambio real (TCR), para examinar las causas de laapreciación y evaluar la competitividad del país. Son muchos...

Persistent link: https://www.econbiz.de/10005597640

Separability and public finance

Gauthier, Stéphane; Laroque, Guy - 2008

In a second best environment, the optimal policy choice sometimes follows the first best rules. This note lays down the information structure and separability assumptions under which this property holds in a variety of setups.

Persistent link: https://www.econbiz.de/10010275714

Tax neutrality: illusion or reality?: the case of entrepreneurship

Kanniainen, Vesa; Panteghini, Paolo M. - 2008

This paper shows that taxes which are understood to be neutral with respect to the marginal investment decisions may be distortionary with respect to entrepreneurial decisions. In particular, we apply an intertemporal model to show that a comprehensive income tax is distortionary unless all...

Persistent link: https://www.econbiz.de/10010276142

Carbon Lorenz Curves

Groot, Loek F. M. - 2008

sophisticated ones, on the distribution of greenhouse gas emissions. Second, using the Samuelson rule for the optimal provision of a … follow Nash-Cournot abatement strategies. It is shown that the Paretooptimal distribution under the Samuelson rule can be …

Persistent link: https://www.econbiz.de/10015435414

Real Exchange Rate Dynamics in Macedonia: Old Wisdoms and New Insights

Bogoev, Jane; Terzijan, Sultanija Bojceva; Égert, Balázs - 2008

irrelevance of the Balassa-Samuelson effect for overall inflation via service prices in the CPI. Furthermore, we estimate variants …

Persistent link: https://www.econbiz.de/10011785339

Real Exchange Rate Dynamics in Macedonia: Old Wisdoms and New Insights

Bogoev, Jane; Bojceva Terzijan, Sultanija; Egert, Balazs; … - Narodna Banka na Republika Makedonija - 2008

irrelevance of the Balassa-Samuelson effect for overall inflation via service prices in the CPI. Furthermore, we estimate variants …

Persistent link: https://www.econbiz.de/10010737077

Inflation Targeting as Monetary Policy Strategy in View of Romania'?s Adopting Euro as National Currency

Leoveanu, Valentin - In: Manager Journal 8 (2008) 1, pp. 72-76

On its way towards the European Union accession, Romania had undertaken a multitude of economic transformations that made the transit from the ineffective system of central planning to an institutional framework created to facilitate the functionality of a competitive market economy. Linked to...

Persistent link: https://www.econbiz.de/10011158628

Real Exchange Rate Appreciation in Central and Eastern European Countries. Why the Balassa-Samuelson Effect Does Not Explain the Whole Story

García Solanes, García Solanes José - Fundación BBVA - 2008

reasons why the Balassa-Samuelson model cannot account for the entire real exchange rate appreciations, the two parts of the …

Persistent link: https://www.econbiz.de/10008683563

Real Exchange Rate Dynamics in Macedonia: Old Wisdoms and New Insights

Bogoev, Jane; Bojceva Terzijan, Sultanija; Egert, Balazs; … - Narodna Banka na Republika Makedonija - 2008

irrelevance of the Balassa-Samuelson effect for overall inflation via service prices in the CPI. Furthermore, we estimate variants …

Persistent link: https://www.econbiz.de/10010738342