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Real Exchange Rates in Small Open OECD and Transition Economies: Comparing Apples with Oranges?
Égert, Balázs; Lommatzsch, Kirsten; Lahrèche-Révil, … - William Davidson Institute, University of Michigan - 2007
We find that productivity gains in tradables cause an appreciation of the real exchange rate via both tradable and … rate of tradables in OECD economies that overcompensates the appreciation due to nontradable prices. Rising net foreign …
Persistent link: https://www.econbiz.de/10005784615
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Real exchange rates in small open OECD and transition economies: comparing apples with oranges?
Égert, Balázs; Lommatzsch, Kirsten; Lahrèche-Révil, … - 2007
We find that productivity gains in tradables cause an appreciation of the real exchange rate via both tradable and … rate of tradables in OECD economies that overcompensates the appreciation due to nontradable prices. Rising net foreign …
Persistent link: https://www.econbiz.de/10010264076
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Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues
Égert, Balázs; Halpern, László; MacDonald, Ronald - William Davidson Institute, University of Michigan - 2005
In this paper we present an overview of a number of issues relating to the equilibrium exchange rates of transition economies of the former soviet bloc. In particular, we present a critical overview of the various methods available for calculating equilibrium exchange rates and discuss how...
Persistent link: https://www.econbiz.de/10005784651
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The Stock-Flow Approach to the Real Exchange Rate of CEE Transition Economies
Égert, Balázs; Lahreche-Revil, Amina; Lommatzsch, Kirsten - 2005
productivity gains on both the Balassa-Samuelson effect and the behaviour of the tradable real exchange rate is especially assessed …
Persistent link: https://www.econbiz.de/10014065244
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Equilibrium exchange rates in Central and Eastern Europe: A meta-regression analysis
Égert, Balázs; Halpern, László - 2005
This paper analyses the ever-growing literature on equilibrium exchange rates in the new EU member states of Central and Eastern Europe in a quantitative manner using meta-regression analysis.The results indicate that the real misalignments reported in the literature are systematically...
Persistent link: https://www.econbiz.de/10012148487
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Equilibrium Exchange Rates in Central and Eastern Europe: A Meta-Regression Analysis
Égert, Balázs; Halpern, László - C.E.P.R. Discussion Papers - 2005
, perhaps more importantly, the sign of the estimated coefficient of the productivity variable and of two other variables …
Persistent link: https://www.econbiz.de/10005123853
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Equilibrium exchange rates in Central and Eastern Europe: A meta-regression analysis
Égert, Balázs; Halpern, László - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2005
This paper analyses the ever-growing literature on equilibrium exchange rates in the new EU member states of Central and Eastern Europe in a quantitative manner using meta-regression analysis. The results indicate that the real misalignments reported in the literature are systematically...
Persistent link: https://www.econbiz.de/10005190679
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Equilibrium Exchange Rates in Central and Eastern Europe: A Meta-Regression Analysis
Égert, Balázs; Halpern, László - William Davidson Institute, University of Michigan - 2005
This paper analyses the ever-growing literature on equilibrium exchange rates in the new EU member states of Central and Eastern Europe in a quantitative manner using meta-regression analysis. The results indicate that the real misalignments reported in the literature are systematically...
Persistent link: https://www.econbiz.de/10005677561
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Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues
Égert, Balázs; Halpern, László; MacDonald, Ronald - C.E.P.R. Discussion Papers - 2004
In this Paper we present an overview of a number of issues relating to the equilibrium exchange rates of the new EU member states from Central and Eastern Europe. In particular, we present a critical overview of the various methods available for calculating equilibrium exchange rates and discuss...
Persistent link: https://www.econbiz.de/10005662370
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Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues
Égert, Balázs; Halpern, László; MacDonald, Ronald - 2005
In this paper we present an overview of a number of issues relating to the equilibrium exchange rates of transition economies of the former soviet bloc. In particular, we present a critical overview of the various methods available for calculating equilibrium exchange rates and discuss how...
Persistent link: https://www.econbiz.de/10013370023