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Real Exchange Rates and the Prices of Nontradable Goods
Micossi, S. - 1994
productivity. It is found that changes in the relative price of tradable goods in terms of nontradables account for a sizable … behavior of the relative price of tradable goods, especially in the long run. There is also some evidence that the EMS has … extended on relative price behavior …
Persistent link: https://www.econbiz.de/10014396038
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Real Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies
Mendoza, Enrique G. - 2006
relative price of nontradables accounts for up to 70 percent of real exchange rate variability during these periods. The paper …
Persistent link: https://www.econbiz.de/10014401977
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Real Exchange Rates in Growing Economies : How Strong is the Role of the Nontradables Sector?
Miyajima, Ken - 2005
This paper emphasizes the importance of total factor productivity (TFP) developments in the nontradables sector to quantitatively demonstrate that the time-honored Balassa-Samuelson hypothesis does not generally apply to episodes of economic growth. Though the Balassa- Samuelson hypothesis...
Persistent link: https://www.econbiz.de/10014401651
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The Behavior of Nontradable Goods Prices in Europe : Evidence and Interpretation
De Gregorio, Jose - 1993
This paper examines the evolution of the relative price between tradable and nontradable goods in a group of European … price of nontradable goods. These factors are: (a) faster technological progress in the tradable goods sector; (b) demand …
Persistent link: https://www.econbiz.de/10014396071
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Financial Liberalization, Structural Change, and Real Exchange Rate Appreciations
Meza, Felipe - 2010
in the relative price of tradable goods and explain a large fraction of the reallocation of labor across sectors. We do …
Persistent link: https://www.econbiz.de/10014402822
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Quantifying the Impact of Tradeon Wages : The Role of Nontraded Goods
Tokarick, Stephen - 2002
This paper uses an applied general equilbrium model to decompose the effects of changes in trade and technology-related variables on wages of skilled and unskilled labor between 1982 and 1996 in the United States. The results indicate that trade-related variables (tariff cuts, improvement in the...
Persistent link: https://www.econbiz.de/10014399550
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Aggregate Investment Expenditureson Tradable and Nontradable Goods
Bems, Rudolfs - 2008
restriction for two-sector models of the aggregate economy. Combined with the fact that the relative price of nontradables …
Persistent link: https://www.econbiz.de/10014401686
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International Evidenceon Tradables and Nontradables Inflation
Wolf, Holger C. - 1994
Using 1970-85 sectoral data for the OECD we find that inflation in nontradable good exceeds inflation in tradables. We identify a demand shift towards nontradables and faster growth of total factor productivity in the tradable goods sector as the prime causes of the differential inflation. In...
Persistent link: https://www.econbiz.de/10014396317
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Employment protection and business cycles in emerging economies
Lama C., Ruy; Urrutia, Carlos - 2011
Persistent link: https://www.econbiz.de/10009419787
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Interest rate rules, endogenous cycles, and chaotic dynamics in open economies
Airaudo, Marco; Zanna, Luis-Felipe - 2012
Persistent link: https://www.econbiz.de/10009614975