Search Results - subject:"Samuelson effect"

Monetary Policy Choices in Emerging Market Economies : The Case of High Productivity Growth

Natalucci, Fabio M.; Ravenna, Federico - 2008

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 rate - the so-called Balassa-Samuelson … effect. The paper explores the dynamic properties of this economy and the welfare implications of alternative policy rules …

Persistent link: https://www.econbiz.de/10014214936

Does the Balassa-Samuelson Hypothesis Hold for Asian Countries? An Empirical Analysis Using Panel Data and Cointegration Tests

Drine, Imed; Rault, Christophe - 2008

This paper tests empirically the Balassa-Samuelson (BS) hypothesis using annual data for 6 Asian countries. We apply new panel data cointegration techniques recently developed by Pedroni (2000, 2004) and we compare the results with those obtained with conventional Johansen (1995)'s time series...

Persistent link: https://www.econbiz.de/10014215658

Productivity and exchange rate dynamics : supporting the Harrod-Balassa-Samuelson hypothesis through an 'errors in variables' analysis

Pham Van Ha (contributor); Kompas, Tom (contributor) - 2008

Persistent link: https://www.econbiz.de/10003776044

A test of the Balassa-Samuelson effect applied to Chinese regional data

Guo, Qian (contributor); Hall, Stephen G. (contributor) - 2008

DEPARTMENT OF ECONOMICS A TEST OF THE BALASSA-SAMUELSON EFFECT APPLIED TO CHINESE REGIONAL DATA …. 08/8 March 2008 1 A Test of the Balassa-Samuelson Effect Applied to Chinese Regional Data By Qian Guo 1 … Effect Applied to Chinese Regional Data ABSTRACT In this paper we investigate the relevance of the Balassa-Samuelson …

Persistent link: https://www.econbiz.de/10003753341

Wage, price and unemployment dynamics in the Spanish transition to EMU membership

Jusélius, Katarina; Ordóñez, Javier - 2008

Persistent link: https://www.econbiz.de/10003826367

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

Mihaljek, Dubravko; Klau, Marc - 2008

Persistent link: https://www.econbiz.de/10003847593

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

This working paper surveys the determinants of the significant real exchange rate appreciations experienced by the currencies of Central and Eastern European (CEE) countries with respect to the euro since the mid 1990s. After analysing the reasons why the Balassa-Samuelson model cannot account...

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

Real and Nominal Convergence and the New EU Member States - Actual State and Implications

Žďárek, Václav; Šindel, Jaromír - In: Prague Economic Papers 2007 (2007) 3, pp. 195-219

This paper analyses the process of nominal and real convergence of the new Member States of the European Union. It also discusses theoretical and methodological issues relating to this process. The importance of nominal and real convergence is underlined in connection with a successful...

Persistent link: https://www.econbiz.de/10005036490

Preiskonvergenz in der erweiterten Europäischen Union

Dreger, Christian; Kholodilin, Konstantin A. - In: DIW Wochenbericht 74 (2007) 38, pp. 557-561

Die fortschreitende europäische Integration führt tendenziell zu einer Annäherung der Preise von Gütern und Dienstleistungen. Mit der Erweiterung der EU hat sich dieser Prozess etwas beschleunigt. Der Beitritt der mittel- und osteuropäischen Länder beeinflusst die Preiskonvergenz auf...

Persistent link: https://www.econbiz.de/10005019108