to be able to put in evidence a significant long-run relationship between real exchange rate and productivity … causes of this empirical failure. We find that the absence of a positive long-run relationship between productivity …

to be able to put in evidence a significant long-run relationship between real exchange rate and productivity … causes of this empirical failure. We find that the absence of a positive long-run relationship between productivity …

We develop a general equilibrium model of an emerging market economy where productivity growth differentials between …

Republic, Hungary, Poland, Slovakia and Slovenia - and the euro area in terms of differences in productivity growth between … productivity differentials explain on average only between 0.2 and 2.0 percentage points of annual inflation differentials vis …-a-vis the euro area. Productivity differentials also explain only a small proportion of domestic inflation in central European …

positive price-income association is attributable, at least partly, to the Balassa-Samuelson productivity differential effect …

economies during the period 1991:Q1 to 2001:Q2. However, productivity growth does not fully translate into price in-creases due … to the structure of CPI indexes. We thus argue that productivity growth will not hinder the ability of the five EU …

economies under study during the period from 1991:Q1 to 2001:Q2. However, we find, that productivity growth does not fully … translate into price increases because of the construction of the CPI indexes. We therefore argue that productivity growth will …

economies during the period 1991:Q1 to 2001:Q2. However, productivity growth does not fully translate into price increases due … to the structure of CPI indexes. We thus argue that productivity growth will not hinder the ability of the five EU …

for the period 1993:Q1 to 2002:Q1 to show that the productivity differential is related to the GDP-deflator relative price … - we show that excluding regulated prices makes it possible to detect a robust relationship between productivity and the …