The Real Exchange Rate in the Long Run: Balassa-Samuelson Effects Reconsidered
收藏NBER2014-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20228
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资源简介：
Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample period. Although the traditional Balassa-Samuelson model
提供机构：
美国国家经济研究局
创建时间：
2014-06-01
