Price Convergence: What Can the Balassa-Samuelson Model Tell Us?
| Autor: | doc. Mgr. Tomáš Holub Ph.D., Martin Čihák |
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| Typ: | Ostatní |
| Rok: | 2003 |
| Číslo: | 8 |
| ISSN / ISBN: | |
| Publikováno v: | CNB Working Paper Series |
| Místo vydání: | Praha |
| Klíčová slova: | |
| JEL kódy: | |
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| Abstrakt: | The paper provides a theoretical reference point for discussions on adjustments in price levels and relative prices. The authors present a “nested” model integrating the Balassa-Samuelson model of real equilibrium exchange rate with a model of accumulation of capital and with the demand side of the economy. |
