), two accession countries (Croatia and Turkey) and two CIS countries (Russia and Ukraine). The paper first studies the basic … attenuation, implying that any increase in the open sector’s productivity feeds onto changes in the relative price of non … only a limited role for inflation and real exchange rate determination, and it seems to be roughly in line with earlier …

), two accession countries (Croatia and Turkey) and two CIS countries (Russia and Ukraine). The paper first studies the basic … attenuation, implying that any increase in the open sector's productivity feeds onto changes in the relative price of non … only a limited role for inflation and real exchange rate determination, and it seems to be roughly in line with earlier …

series and panel cointegration techniques are used to show that the BS effect works reasonably well in these transition … 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 …

Romania), of two CIS economies (Russia and Ukraine) and of Turkey. A systematic approach in terms of different time horizons … exchange rates. A unified framework including productivity and net foreign assets completed with a set control variables such …

irrelevance of the Balassa-Samuelson effect for overall inflation via service prices in the CPI. Furthermore, we estimate variants … of the estimation results. Overall, productivity, government consumption and the openness variables were found to be … fairly robust in terms of sign and size. An increase/decrease in the productivity variables is associated with an …

irrelevance of the Balassa-Samuelson effect for overall inflation via service prices in the CPI. Furthermore, we estimate variants … of the estimation results. Overall, productivity, government consumption and the openness variables were found to be … fairly robust in terms of sign and size. An increase/decrease in the productivity variables is associated with an …

irrelevance of the Balassa-Samuelson effect for overall inflation via service prices in the CPI. Furthermore, we estimate variants … of the estimation results. Overall, productivity, government consumption and the openness variables were found to be … fairly robust in terms of sign and size. An increase/decrease in the productivity variables is associated with an …

productivity gains on both the Balassa-Samuelson effect and the behaviour of the tradable real exchange rate is especially assessed … price-based real appreciation is a distinct feature of transition and emerging economies. We also show that in transition …

We find that productivity gains in tradables cause an appreciation of the real exchange rate via both tradable and …

We find that productivity gains in tradables cause an appreciation of the real exchange rate via both tradable and …