Search Results - subject:"balassa€“Samuelson effect"

Equilibrium exchange rates in Central and Eastern Europe: A meta-regression analysis

Égert, Balázs; Halpern, László - 2005

misalignments reported in the literature are systematically influenced, inter alia, by the underlying theoretical concepts (Balassa-Samuelson … effect, Behavioural Equilibrium Exchange Rate, Fundamental Equilibrium Exchange Rate) and by the econometric estimation …

Persistent link: https://www.econbiz.de/10012148487

Welfare implications of joining a common currency

Ca' Zorzi, Michele; De Santis, Roberto A.; Zampolli, … - 2005

This paper examines the welfare implications of a country joining a currency union as opposed to operating in a flexible exchange rate regime. At the country level, the suboptimal response to domestic and foreign shocks and the inability of setting inflation at the desired level may be offset by...

Persistent link: https://www.econbiz.de/10011604491

Análisis del Tipo de Cambio Real: Chile 1986-1999

Cerda, Rodrigo; Donoso, Álvaro; Lema, Aldo - In: Latin American Journal of Economics-formerly Cuadernos … 42 (2005) 126, pp. 329-356

This paper incorporates demand and supply fundamentals in the determination of the Real Exchange Rate (RER). We are able to confirm the negative influence of the ratio expenditure-PIB and the terms of trade on RER, but in addition we find robust evidence

Persistent link: https://www.econbiz.de/10005510187

Welfare implications of joining a common currency

Ca' Zorzi, Michele; Santis, Roberto A. De; Zampolli, … - European Central Bank - 2005

Persistent link: https://www.econbiz.de/10005530724

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

Balassa-Samuelson Meets South Eastern Europe, the CIS and Turkey: A Close Encounter of the Third Kind?

Égert, Balázs - In: European Journal of Comparative Economics 2 (2005) 2, pp. 221-243

This paper investigates the importance of the Balassa-Samuelson effect for two acceding countries (Bulgaria and Romania … assumptions of the Balassa-Samuelson effect using yearly data, and then undertakes an econometric analysis of the assumptions on … open and closed sectors, which makes a difference for some of the countries. The Balassa-Samuelson effect is found to play …

Persistent link: https://www.econbiz.de/10005000702

Balassa-Samuelson Meets South Eastern Europe, the CIS and Turkey: A Close Encounter of the Third Kind?

Égert, Balázs - William Davidson Institute, University of Michigan - 2005

Persistent link: https://www.econbiz.de/10005652674

Equilibrium Exchange Rates in Central and Eastern Europe: A Meta-Regression Analysis

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

Persistent link: https://www.econbiz.de/10005677561

The Balassa-Samuelson Effect and the Wage, Price and Unemployment Dynamics in Spain

Juselius, Katarina; Ordóñez, Javier - Økonomisk Institut, Københavns Universitet - 2005

This paper provides an empirical investigation of the wage, price and unemployment dynamics that have taken place in Spain during the last two decades. The aim of this paper is to shed some light on the impact of the European economic integration process on Spanish labour market and the...

Persistent link: https://www.econbiz.de/10005749787

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