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

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

Harrod-Balassa-Samuelson Effect in Selected Countries of Central and Eastern Europe

Blaszkiewicz, Monika; Kowalski, Przemek; Rawdanowicz, Lukasz - CASE-Center for Social and Economic Research - 2004

This study investigates the HBS effect in a panel of nine CEECs during 1993:Q1-2003:Q4 (unbalanced panel). Prior to estimating the model, we analyze several key assumptions of the model (e.g. wage equalisation, PPP and sectoral division) and elaborate on possible consequences of their failure to...

Persistent link: https://www.econbiz.de/10008529159

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

Nominal versus Real Convergence with Respect to EMU Accession - EMU Entry Scenarios for the New Member States

Schnabl, Gunther; Grauwe, Paul De - EconWPA - 2004

This paper explores the conflict of real and monetary convergence during the EMU run-up of the Central and Eastern European new EU member states. Based on a Balassa-Samuelson model of productivity driven inflation, it finds a high probability of higher inflation in the new member states. It...

Persistent link: https://www.econbiz.de/10005408181

Real Exhange Rate Stationarity in Managed Floats: Evidence From India

Kohli, Renu - EconWPA - 2004

possible presence of Balassa-Samuelson effect. The findings indicate the need for a model specifying real deterinants of the …

Persistent link: https://www.econbiz.de/10005408185

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

Égert, Balázs; Halpern, László; MacDonald, Ronald - C.E.P.R. Discussion Papers - 2004

In this Paper we present an overview of a number of issues relating to the equilibrium exchange rates of the new EU member states from Central and Eastern Europe. In particular, we present a critical overview of the various methods available for calculating equilibrium exchange rates and discuss...

Persistent link: https://www.econbiz.de/10005662370

What's Really the Story with this Balassa-Samuelson Effect in the CEECs?

Wagner, Martin; Hlouskova, Jaroslava - Department Volkswirtschaftlehre, Universität Bern - 2004

This paper offers a detailed assessment of the Balassa-Samuelson (BS) effect in eight Central and Eastern European countries (CEEC8). Several features distinguish this study from others: First, we investigate a variety of specifications of extended models. Non-homogeneity of wages, deviations...

Persistent link: https://www.econbiz.de/10005812715

Real currency appreciation in accession countries: Balassa-Samuelson and investment demand

Fischer, Christoph - In: Review of World Economics (Weltwirtschaftliches Archiv) 140 (2004) 2, pp. 179-210

Persistent link: https://www.econbiz.de/10005759912

Monetary Integration in East Asia: An Empirical Approach

de Brito, José Brandão - In: Journal of Economic Integration 19 (2004), pp. 536-567

version of Clarida and Gali’s (1994) model extended in this paper to encompass the Balassa-Samuelson-effect. Once identified …

Persistent link: https://www.econbiz.de/10009364790

On the Renminbi : the choice between adjustment under a fixed exchange rate and adjustment under a flexible rate

Frankel, Jeffrey A. (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002200270