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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

Rich Neighborhood Effect Versus the Balassa-Samuelson Effect : An Income-Based Explanation of International Price Level Differences

Tang, Xiang - 2008

domestic labor force and intersectoral labor mobility. We propose a contrasting theory of the rich neighborhood effect which …

Persistent link: https://www.econbiz.de/10014224289

Real Exchange Rates, Non-Linearities and Balassa-Samuelson Effects

Lothian, James R.; Taylor, Mark P. - 2010

Using random simulations with artificial data with identical sample characteristics to the long-sample exchange rate data employed by Lothian and Taylor(Lothian, J.R. and Taylor, M.P.(1996). The recent float from the perspective of the past two centuries. Journal of Political Economy 104,...

Persistent link: https://www.econbiz.de/10014068765

Does trade openness influence the real effective exchange rate? : new evidence from panel time-series

Gantman, Ernesto R.; Dabós, Marcelo - In: SERIEs : Journal of the Spanish Economic Association 9 (2018) 1, pp. 91-113

exchange rate (REER), on the one hand, and trade openness, trade balance, the terms of trade, factor productivity, and exchange … depreciation of the REER. The other variables considered in the analysis-factor productivity, trade balance, terms of trade, and …

Persistent link: https://www.econbiz.de/10011865211

Growth prospects and the trade balance in advanced economies

Belke, Ansgar; Elstner, Steffen; Rujin, Svetlana - 2020 - This version: February 7, 2020

recommendations to reduce the trade imbalances through productivity-enhancing reforms in advanced economies are likely to yield only …

Persistent link: https://www.econbiz.de/10012160788

Growth prospects and the trade balance in advanced economies

Belke, Ansgar; Elstner, Steffen; Rujin, Svetlana - 2019

recommendations to reduce the trade imbalances through productivity-enhancing reforms in advanced economies are likely to yield only …

Persistent link: https://www.econbiz.de/10012134287

Exchange rates, international trade and growth : re-evaluation of underevaluation

Sokolova, Maria V. - 2016 - This version: June 2016

This paper shows that a regional bias resulting from trade integration alters the transmission of a countryś monetary policy by shifting the burden of the exchange rate adjustment towards the less integrated trading partners. I first develop a simple model which illustrates how a concentration...

Persistent link: https://www.econbiz.de/10011490957

Exchange rates, international trade, and growth : re-evaluation of undervaluation

Sokolova, Maria V. - 2017 - This version: November 2016

This paper shows that regional trade integration shifts the burden of the exchange rate adjustment towards the less integrated trading partners. Thus, they bear the cost of trade balance expansion, while competitive exchange rate moves vis-a-vis RTA trading partners result in no expansion or...

Persistent link: https://www.econbiz.de/10011615589

Stock Markets and the Real Exchange Rate : An Intertemporal Approach

Mercereau, Benoît - 2021

The paper presents an N-country model with stock markets, in which a closed-form solution for the real exchange rate is derived. Risky asset prices and allocation of risky assets among countries are determined endogenously. Such a framework allows an analysis of how fundamental parameters, such...

Persistent link: https://www.econbiz.de/10013317997

Roads and the Real Exchange Rate

Du, Qingyuang - 2018

This paper studies the effect of transport infrastructure on the real exchange rate (RER) and reaches two relatively strong conclusions. First, while the list of robust determinants of the RER is not long, transport infrastructure belongs to that list. Many other potential determinants proposed...

Persistent link: https://www.econbiz.de/10012914401