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dc.contributor.authorÉgert, Balázsen
dc.contributor.authorLommatzsch, Kirstenen
dc.contributor.authorLahrèche-Révil, Aminaen
dc.date.accessioned2007-07-24-
dc.date.accessioned2009-07-28T08:14:23Z-
dc.date.available2009-07-28T08:14:23Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x1928en
dc.subject.jelC15en
dc.subject.jelE31en
dc.subject.jelF31en
dc.subject.jelO11en
dc.subject.jelP17en
dc.subject.ddc330en
dc.subject.keywordreal exchange rateen
dc.subject.keywordequilibrium exchange rateen
dc.subject.keywordproductivityen
dc.subject.keywordtradablesen
dc.subject.keywordBalassa- Samuelson effecten
dc.subject.stwKaufkraftparitäten
dc.subject.stwKleines-offenes-Landen
dc.subject.stwÜbergangswirtschaften
dc.subject.stwOsteuropaen
dc.subject.stwOECD-Staatenen
dc.titleReal exchange rates in small open OECD and transition economies: comparing apples with oranges?-
dc.typeWorking Paperen
dc.identifier.ppn538077107en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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