Bogoev, Jane; Bojceva Terzijan, Sultanija; Égert, Balázs - 2008
irrelevance of the Balassa-Samuelson effect for overall inflation via service prices in the CPI. Furthermore, we estimate variants …
experience an appreciation of their real exchange rate. The Balassa-Samuelson effect is
commonly thought to be underlying the … partially explained by the direct Balassa-Samuelson effect. Other sources of
appreciation that are identified in the literature …