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dc.contributor.authorÉgert, Balázsen_US
dc.contributor.authorLommatzsch, Kirstenen_US
dc.contributor.authorLahrèche-Révil, Aminaen_US
dc.date.accessioned2007-07-24en_US
dc.date.accessioned2009-07-28T08:14:23Z-
dc.date.available2009-07-28T08:14:23Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/25973-
dc.description.abstractWe 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.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 1928en_US
dc.subject.jelC15en_US
dc.subject.jelE31en_US
dc.subject.jelF31en_US
dc.subject.jelO11en_US
dc.subject.jelP17en_US
dc.subject.ddc330en_US
dc.subject.keywordreal exchange rateen_US
dc.subject.keywordequilibrium exchange rateen_US
dc.subject.keywordproductivityen_US
dc.subject.keywordtradablesen_US
dc.subject.keywordBalassa- Samuelson effecten_US
dc.subject.stwKaufkraftparitäten_US
dc.subject.stwKleines-offenes-Landen_US
dc.subject.stwÜbergangswirtschaften_US
dc.subject.stwOsteuropaen_US
dc.subject.stwOECD-Staatenen_US
dc.titleReal exchange rates in small open OECD and transition economies: comparing apples with oranges?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn538077107en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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