Borgersen, Trond-Arne; King, Roswitha M. - In: Structural Change and Economic Dynamics 22 (2011) 4, pp. 287-298
Despite its strong theoretical position when it comes to explaining inflation in transition economies, the empirical findings of the Balassa–Samuelson (B–S) effect assign only a minor role to structural inflation – to the disappointment of analysts and policymakers. This article points to...