Search Results - subject:"Samuelson effect"

The impact of market regulations on intra European real exchange rates

Bénassy-Quéré, Agnès; Coulibaly, Dramane - 2012

Persistent link: https://www.econbiz.de/10009711904

Real exchange rate variations, nontraded goods and disaggregated CPI data

Hernandez Vega, Marco A. - 2012

The behavior of the real exchange rate, measuring movements in the relative consumer price indexes between countries, remains a prominent puzzle in international macroeconomics. Two key theories of the real exchange rate differ in the role played by goods not traded internationally. On one hand,...

Persistent link: https://www.econbiz.de/10009580815

Traded and nontraded goods prices, and international risk sharing: an empirical investigation

Corsetti, Giancarlo; Dedola, Luca; Viani, Francesca - Banco de España - 2012

Accounting for the pervasive evidence of limited international risk sharing is an important hurdle for open-economy models, especially when these are adopted in the analysis of policy trade-offs likely to be affected by imperfections in financial markets. Key to the literature is the evidence,...

Persistent link: https://www.econbiz.de/10010862271

A Simple Model and Its Application in the Valuation of Five Asian Real Exchange Rates

Zhibai, Zhang - Volkswirtschaftliche Fakultät, … - 2012

In the current paper, a new and simple currency valuation model called the ratio model is proposed based on the Penn effect (a systematic deviation of the purchasing power parity (PPP)). The ratio model, which reduces the uncertainty of the econometric specification that many other valuation...

Persistent link: https://www.econbiz.de/10011258674

Estimating the Impact of the Balassa-Samuelson Effect in Central and Eastern European Countries: A Revised Analysis of Panel Data Cointegration Tests

Mirjana MiletiÄ‡ - In: Panoeconomicus 59 (2012) 4, pp. 475-499

This paper aims to reassess the contribution of the BalassaSamuelson effect to the inflation and real exchange rate appreciation using panel data for nine CEECs covering the period ranging from the mid-1990s to the third quarter of 2010. The main idea of this analysis is to answer the question...

Persistent link: https://www.econbiz.de/10010571594

The economy of Spain in the eurozone before and after the crisis of 2008

Neal, Larry; Garcia-Iglesias, Concepcion - Volkswirtschaftliche Fakultät, … - 2012

In common with the other periphery countries that joined the euro-zone in 1998-2000, Spain enjoyed ten years of economic prosperity, essentially debt-financed. The financial crisis of 2008 has revealed deep structural problems in the euro-zone, but also among Spain’s fiscally autonomous...

Persistent link: https://www.econbiz.de/10009651401

The Impact of Market Regulations on Intra European Real Exchange Rates

Bénassy-Quéré, Agnès; Coulibaly, Dramane - Centre d'études prospectives et d'informations … - 2012

countries over 1985-2006 to quantify the contributions of the pure Balassa-Samuelson effect and those of market regulations in …

Persistent link: https://www.econbiz.de/10010606908

The AMU Deviation Indicators Based on the Purchasing Power Parity and Adjusted by the Balassa-Samuelson Effect

Ogawa, Eiji; Wang, Zhiqian - Institute of Economic Research, Hitotsubashi University - 2012

problem related with the Balassa-Samuelson effect. For the reason, the PPPs adjusted by the Balassa-Samuelson effect should be … the PPP-based AMU Deviation Indicators and the PPP-based AMU Deviation Indicators adjusted by the Balassa-Samuelson effect … Balassa-Samuelson effect are also useful in making surveillance over overvaluation or undervaluation of the intra …

Persistent link: https://www.econbiz.de/10010614047

Price Levels and Economic Growth : Making Sense of the PPP Changes between ICP Rounds

Ravallion, Martin - 2012

To the surprise of many observers, the 2005 International Comparison Program (ICP) found substantially higher purchasing power parity (PPP) rates, relative to market exchange rates, in most developing countries. For example, China s price level index -- the ratio of its PPP to its exchange rate...

Persistent link: https://www.econbiz.de/10012551461

Testing the Balassa hypothesis in low- and middle-income countries

Baylie, Fentahun - In: Studies on economic development and growth in selected …, (pp. 253-287). 2017

Persistent link: https://www.econbiz.de/10011700913