Égert, Balázs (contributor); … - 2004
: real equilibrium exchange rate, EU enlargement, Balassa-
Samuelson effect, productivity, net foreign assets, out-of sample ….
2
The term “transition economy” is used throughout the paper instead of “new EU member state” (Czech
Republic, Estonia …
EU 15 US Total
Czech Rep. 0.66 0.02 0.68
Estonia 0.63 0.04 0.67
Hungary 0.69 0.04 0.73
Latvia 0.55 0.05 0.60
Lithuania 0 …