Égert, Balázs; Lommatzsch, Kirsten; Lahrèche-Révil, … - William Davidson Institute, University of Michigan - 2007
exchange rate, equilibrium exchange rate, productivity,
tradables, Balassa-Samuelson effect …-
Samuelson effect) and consequently a trend real appreciation. However, according to the
consensus recently reached in the … literature, the Balassa-Samuelson effect can account only for
part of the observed appreciation (for an overview, see e.g. Égert …