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Reconsidering the price-income relationship across countries
Fujii, Eiji - 2013 - This version: February 2013
positive price-income association is attributable, at least partly, to the Balassa-Samuelson productivity differential effect …
Persistent link: https://www.econbiz.de/10009707555
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The real exchange rate in the long run : Balassa-Samuelson effects reconsidered
Bordo, Michael D.; Choudhri, Ehsan U.; Fazio, Giorgio; … - 2014
Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …
Persistent link: https://www.econbiz.de/10010374513
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The Real Exchange Rate in the Long Run : Balassa-Samuelson Effects Reconsidered
Bordo, Michael D. - 2014
Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …
Persistent link: https://www.econbiz.de/10013050476
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Are wages equal across sectors of production? : a panel data analysis for tradable and non-tradable goods
Schmillen, Achim - 2011
a large and detailed macro data set. It finds that both the internal relationship between productivity and wages in the …
Persistent link: https://www.econbiz.de/10009156367
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Boosting carry with equilibrium exchange rate estimates
Rubaszek, Michał; Beckmann, Joscha; Ca'Zorzi, Michele; … - 2022
We build currency portfolios based on the paradigm that exchange rates slowly converge to their equilibrium to highlight three results. First, this property can be exploited to build profitable portfolios. Second, the slow pace of convergence at short-horizons is consistent with the evidence of...
Persistent link: https://www.econbiz.de/10013375145
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Real Exchange Rate Movements and the Relative Price of Non-traded Goods
Betts, Caroline - 2008
We study the quarterly bilateral real exchange rate and the relative price of non-traded to traded goods for 1225 country pairs over 1980-2005. We show that the two variables are positively correlated, but that movements in the relative price measure are smaller than those in the real exchange...
Persistent link: https://www.econbiz.de/10012722646
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Consumption and Real Exchange Rates With Incomplete Markets and Non-Traded Goods
Benigno, Gianluca - 2007
This paper addresses the consumption-real exchange rate anomaly. International real business cycle models based on complete financial markets predict a unitary correlation between the real exchange rate and the ratio of home to foreign consumption when subjected to supply side shocks. In the...
Persistent link: https://www.econbiz.de/10012728942
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Reconsidering the price-income relationship across countries
Fujii, Eiji - In: Pacific economic review 20 (2015) 5, pp. 733-760
Persistent link: https://www.econbiz.de/10011442653
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Determinants of the Swiss Franc real exchange rate
Mancini Griffoli, Tommaso; Meyer, Christoph; Natal, … - In: Swiss journal of economics and statistics 151 (2015) 4, pp. 299-331
Persistent link: https://www.econbiz.de/10011447627
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Economic growth, productivity and real exchange rates
Miyajima, Ken - 2005
Persistent link: https://www.econbiz.de/10003384587