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Real Exchange Rates and Sectoral Productivity in the Eurozone

Berka, Martin - 2019

We investigate the link between real exchange rates and sectoral TFP for eurozone countries. We show that real exchange rate variation, both cross-country and time-series, closely accords with an amended Balassa-Samuelson interpretation, incorporating sectoral productivity shocks and a labor...

Persistent link: https://www.econbiz.de/10012890363

Mittel- und osteuropäische EU-Länder, Lohn- und Lohnnebenkosten

Overhoff, Christian; Steinacher, Heiko; Wippler, Regina - 2005

Persistent link: https://www.econbiz.de/10003122911

The long way round: lessons from EU-CEE for improving integration and development in the Western Balkans

Weiss, Stefani; Jovanović, Branimir; Ghodsi, Mahdi; … - Wiener Institut für Internationale Wirtschaftsvergleiche; … - 2022

Persistent link: https://www.econbiz.de/10013207459

Investigating the Balassa-Samuelson Hypothesis in Transition : Do We Understand What We See?

Égert, Balázs - 2007

This paper studies the Balassa-Samuelson effect in the Czech Republic, Hungary, Poland, Slovakia and Slovenia. Time … accession candidates to meet the Maastricht criterion on inflation in the medium term. Moreover, the observed appreciation of … the Balassa-Samuelson effect, particularly in the cases of the Czech Republic and Slovakia. This may be partly explained …

Persistent link: https://www.econbiz.de/10014224061

Investigating the Balassa-Samuelson Hypothesis in the Transition : Do We Understand What We See? A Panel Study

Égert, Balázs - 2003

This paper studies the Balassa-Samuelson (B-S) effect in the Czech Republic, Hungary, Poland, Slovakia and Slovenia. We … not hinder meeting the Maastricht criterion on inflation in the medium term. In addition, the observed appreciation of the … could justify, especially in the cases of the Czech Republic and Slovakia. This can be partly explained by the trend …

Persistent link: https://www.econbiz.de/10014114192

Investigating the Balassa-Samuelson Hypothesis in the Transition : Do We Understand What We See?

Égert, Balázs - 2003

Persistent link: https://www.econbiz.de/10014116513

The equilibrium real exchange rate : pros and cons of different approaches with application to Latvia

Ajevskis, Viktors; Rimgailaite, Ramune; Rutkaste, Uldis; … - In: Baltic journal of economics 14 (2014) 1/2, pp. 101-123

and direct estimation approaches. It shows their strengths and weaknesses with application to the case of Latvia. Despite …This paper studies various approaches to the equilibrium real effective exchange rate estimation, including structural … real exchange rate of Latvia after appreciation during the boom years and subsequent adjustment afterwards remained close …

Persistent link: https://www.econbiz.de/10011890484

Financial Openness and Capital Inflows to Emerging Markets : In Search of Robust Evidence

Cerdeiro, Diego - 2019

We reassess the connection between capital account openness and capital flows in an empirical framework that is grounded in theory and makes use of previously unexplored variation in the data. We demonstrate how our theory-consistent regressions may overcome some ubiquitous measurement problems...

Persistent link: https://www.econbiz.de/10012858394

International capital flows and speculation

Hayward, Rob; Gregoriou, Andros - In: Journal of risk and financial management : JRFM 14 (2021) 5, pp. 1-12

In response to questions about the relative importance of different types of capital flow for international competitiveness, we develop a structural vector auto-regressive model of the real exchange rate and international capital flows. We reveal that innovations to speculative sentiment cause...

Persistent link: https://www.econbiz.de/10012533969

The rise and fall of European current account deficits

Kang, Joong Shik; Shambaugh, Jay C. - In: Economic policy : a European forum 85 (2016), pp. 155-199

Persistent link: https://www.econbiz.de/10011457581