Search Results - subject:"Samuelson effect"

Price level convergence: Croatia, transition countries and the EU

Nestić, Danijel - 2005

Persistent link: https://www.econbiz.de/10002973608

Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues

Égert, Balázs; Halpern, László; MacDonald, Ronald - William Davidson Institute, University of Michigan - 2005

factors other than the usual Balassa-Samuelson effect, such as the behaviour of the real exchange rate of the open sector and …

Persistent link: https://www.econbiz.de/10005784651

The Balassa-Samuelson Effect in 'East & West'. Differences and Similarities

Wagner, Martin - Department of Economics and Finance Research and … - 2005

Based on two detailed Balassa-Samuelson (BS) studies, Wagner and Hlouskova (2004) for eight Central Eastern European countries (CEECs) and Wagner and Doytchinov (2004) for ten Western European countries (WECs), this study assesses the differences and similarities of the BS effect between these...

Persistent link: https://www.econbiz.de/10005764210

The Balassa-Samuelson Effect in Central and Eastern Europe: Myth or Reality?

Égert, Balázs; Drine, Imed; Lommatzsch, Kirsten; … - Centre d'Études des Politiques Économiques (EPEE), … - 2005

This paper studies the Balassa-Samuelson effect in nine Central and East European countries. Using panel cointegration … misleading when analyzing the Balassa-Samuelson effect. Consequently, the appreciation of the real exchange rate, which has been … established as a stylized fact over the last decade, is caused only partly by the Balassa-Samuelson effect. We identify a trend …

Persistent link: https://www.econbiz.de/10010655948

The determination of the equilibrium exchange rate in a simple general equilibrium model.

Van, Cuong Le; Couharde, Cécile; Luong, Thai Bao - Maison des Sciences Économiques, Université Paris 1 … - 2004

In this article, we develop an analytical general equilibrium model of the equilibrium exchange rate. This theoretical framework allows us to identify the relevant set of variables which determinate the equilibrium exchange rate and to explore how theses variables influence the trajectory of the...

Persistent link: https://www.econbiz.de/10005696845

International Trade and Macroeconomic Dynamics with Heterogeneous Firms

Ghironi, Fabio; Melitz, Marc J. - Department of Economics, Boston College - 2004

endogenous, microfounded explanation for a Harrod-Balassa-Samuelson effect in response to aggregate productivity differentials …

Persistent link: https://www.econbiz.de/10004968835

The Alternative to the Existing System of the Concepts about Purchasing Power Parity Deviations . Derived from the Estonian Experience

Raim, Jaanus - Majandusteaduskond, Tallinna Tehnikaülikool - 2004

The huge price differences between the former Soviet Union (FSU) and remaining world emerged at the beginning of 1990s. This phenomenon of hundredfold relative purchasing power of foreign currencies in the republics of FSU is not systematically explained by the traditional system of the...

Persistent link: https://www.econbiz.de/10004971464

Dual inflation and real exchange rate in new open economy macroeconomics

Világi, Balázs - Magyar Nemzeti Bank (MNB) - 2004

inflation, real exchange rate, new open economy macroeconomics, Balassa - Samuelson effect. … market structure, and that the models of new open economy macroeconomics can be reconciled with the Balassa - Samuelson … effect only if pricing to market is added to models. It is demonstrated that in the presence of nominal rigidities and …

Persistent link: https://www.econbiz.de/10005146774

Trade, Capital Accumulation and Structural Unemployment: An Empirical Study of the Singapore Economy

Kee, Hiau Looi; Hoon, Hian Teck - School of Economics, Singapore Management University - 2004

This paper studies the factors responsible for the secular decline of Singapore’s unemployment rate over the period 1966-2000 in an environment of low and stable inflation rates. We introduce wage bargaining and unions into a specific-factors, two-sector economy with an export sector and a...

Persistent link: https://www.econbiz.de/10005091223

International Trade and Macroeconomic Dynamics with Heterogeneous Firms

Ghironi, Fabio; Melitz, Marc - Society for Economic Dynamics - SED - 2004

our microeconomic structure with heterogeneous firms. It provides an endogenous, microfounded explanation for a Harrod-Balassa-Samuelson … effect in response to aggregate productivity differentials and deregulation. In addition, the deviations from purchasing …

Persistent link: https://www.econbiz.de/10005069475