Detail publikace

Price Convergence: What Can the Balassa-Samuelson Model Tell Us?

Autor: doc. Mgr. Tomáš Holub Ph.D., Martin Čihák
Typ: Články v impaktovaných časopisech
Rok: 2003
Číslo: 7
ISSN / ISBN: 0015-1920
Publikováno v: Finance a úvěr, Vol. 52, No. 7-8/2003, pp. 333-355
Místo vydání: Praha
Klíčová slova:
JEL kódy:
Abstrakt: The article contributes to the theory of convergence in the price level and relative prices. The authors present a 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. They also show how the model can be extended to the case of more than two goods. The predictions of the model are generally consistent with empirical findings on Central and Eastern European countries. The authors show how the model can be used for simulations of the future convergence process in a transition economy.


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