Real Exchange Rates in Small Open OECD and Transition Economies: Comparing Apples with Oranges?
dc.contributor.author | Égert, Balázs | en_US |
dc.contributor.author | Lommatzsch, Kirsten | en_US |
dc.contributor.author | Lahrëche-Rèvil, Amina | en_US |
dc.date.accessioned | 2007-10-25T20:15:44Z | |
dc.date.available | 2007-10-25T20:15:44Z | |
dc.date.issued | 2007-01-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2007-859 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/57239 | en_US |
dc.description.abstract | We find that productivity gains in tradables cause an appreciation of the real exchange rate via both tradable and nontradable prices in the CEE-5 and have no affect in the Baltic countries, while they lead to a depreciation of the real exchange rate of tradables in OECD economies that overcompensates the appreciation due to nontradable prices. Rising net foreign liabilities lead to a real appreciation in the Baltic countries instead of the expected depreciation found in OECD and CEE-5 countries. These differences are due to the different impact of the fundamentals on the real exchange rate depending on the time horizon studied. | en_US |
dc.format.extent | 202944 bytes | |
dc.format.extent | 1802 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.relation.ispartofseries | 859 | en_US |
dc.subject | Real Exchange Rate, Equilibrium Exchange Rate, Productivity, Tradables, Balassa-Samuelson Effect | en_US |
dc.subject.other | C15, E31, F31, O11, P17 | en_US |
dc.title | Real Exchange Rates in Small Open OECD and Transition Economies: Comparing Apples with Oranges? | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.contributor.affiliationum | William Davidson Institute | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/57239/1/wp859 .pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
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