This paper estimates the magnitude of the Baumol-Bowen and Balassa-Samuleson effects in the Polish economy. The purpose of the analysis is to establish to what extent the differential price dynamics in Poland and in the euro area and the real appreciation of PLN against EUR are explained by the...

This paper examines the relevance of the Balassa-Samuelson productivity-bias hypothesis for explaining long-run permanent shocks in the real exchange rates. The sample consists of yearly data on real exchange rates and productivity for six OECD countries. On the basis of Johansens maximum...

We study the price adjustment practices and provide quantitative measurement of the managerial and customer costs of price adjustment using data from a large U.S. industrial manufacturer and its customers. We find that price adjustment costs are a much more complex construct than the existing...

This paper estimates the magnitude of the exchange rate pass-through to consumer prices in Mexico. Moreover, it analyzes if the pass-through dynamics have changed in recent years. In particular, it uses a methodology that generates results consistent with the hierarchy implicit in the cpi. The...

En este documento se cuantifica la magnitud del traspaso del tipo de cambio a los precios al consumidor en México. Adicionalmente, se analiza si la dinámica de dicho traspaso se ha modificado en los últimos años. Lo anterior se realiza mediante una metodología que genera resultados...

This research aims to test the functionality of the standard and the modified HBS model, with the intention to discover whether sectoral differences in labor productivity affect the dinar/euro real exchange rate. The first part of the analysis is based on the standard HBS model, which...

Osnovni cilj rada je ukazati kako je upravo rast kvalitete, a ne kvantitete izvoznih proizvoda u uspješnim tranzicijskim zemljama bio najuvjerljivije objašnjenje visokog stupnja korelacije između održivosti tekućeg računa platne bilance i snažne aprecijacije realnog tečaja. U radu je dan...

The article provides estimates of short-run and medium-run exchange rate pass-through in Russia during the period of 2000—2012 using vector error correction model. Estimates of asymmetry of exchange rate pass-through, its assessments in different sub-periods and exchange rate volatility effect...

This paper examines the presence of asymmetric behavior in exchange rate pass-through (ERPT) to CPI inflation in 12 euro area (EA) countries. Using a class of nonlinear smooth transition models, the author tests for asymmetry with respect to the direction and the magnitude of exchange rate...

This paper examines the presence of asymmetric behavior in exchange rate pass-through (ERPT) to CPI inflation in 12 euro area (EA) countries. Using a class of nonlinear smooth transition models, we test for asymmetry with respect to the direction and the magnitude of exchange rate changes. On...