External rebalancing is not just an exporters' story: real exchange rates, the non-tradable sector and the euro [PDF]
Global and European trade balances have seen strong divergences combined with strong movements in the exchange rate. Trade balances and real effective exchange rates are related.
Eric Ruscher, Guntram B. Wolff
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Are Wages Equal Across Sectors of Production? A Panel Data Analysis for Tradable and Non-Tradable Goods [PDF]
The assumption that national labor markets are homogenous across tradable and non-tradable goods is common in multisector (open-economy) macro models and crucial for the prominent Balassa-Samuelson hypothesis.
Achim Schmillen
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Dollarization of Liabilities in Non-tradable Goods Sector [PDF]
, 2001 This paper questions the motivation of dollar indebtedness by firms of the non-tradable good sectors in a period of exchange rate pressure. Given the structure of banks' indebtedness and protection of banks' foreign lenders, a dollar denominated ...
Chabellard, Frederic
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Improving competition in the non-tradable goods and labour markets: the Portuguese case [PDF]
Portuguese Economic Journal, 2010 This study assesses the macroeconomic impacts of increasing competition in the non-tradable goods and labour markets in Portugal. We lean on evidence that the maintenance of low competition in these markets may have contributed to the recent poor performance of the Portuguese economy.
Mourinho Félix, Ricardo +2 more
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Balassa-Samuelson Effect in Transition Economies: The Case of Slovenia [PDF]
, 2002 Paper presents a first-hand examination of the Balassa-Samuelson effect in Slovenia. Different measures of real exchange rate are presented in order to provide arguments for the Balassa-Samuelson effect estimation using external real exchange rate ...
Jazbec, Boštjan
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Revisiting the importance of non-tradable goods' prices in cyclical real exchange rate fluctuations [PDF]
European Economic Review, 2013 Abstract In an influential paper Engel (1999) argues that essentially all the fluctuations in the real exchange rate can be attributed to fluctuations in the relative price of traded goods, and that only a small part of the fluctuations can be attributed to changes in the relative price of non-tradables. We revisit this important issue and our main
BACHE, Ida Wolden +2 more
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The Elasticity of Substitution in Demand for Non-Tradable Goods in Bolivia [PDF]
This paper uses a CES function to estimate the constant elasticity of substitution in consumption for non-tradables relative to tradables in a dependent economy framework.
Gover Barja Daza +2 more
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Are Wages Equal Across Sectors of Production? A Panel Data Analysis for Tradable and Non-Tradable Goods [PDF]
, 2011 The assumption that national labor markets are homogenous across tradable and non-tradable goods is common in multisector (open-economy) macro models and crucial for the prominent Balassa-Samuelson hypothesis.
Schmillen, Achim
core
Real Exchange Rate Fluctuations and Relative Prices in Turkey [PDF]
Traditional theory puts forwards that real exchange rate fluctuations should result from the changes in the relative price of non-tradable goods since tradable goods' prices are to equalize among countries due to the law of one price.
Ugur Ciplak
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Dual Inflation Under the Currency Board: The Challenges of Bulgarian EU Accession [PDF]
, 2002 The importance of analysing inflation sources and dynamics in Bulgaria is imposed by (i) the long run process of price and inflation convergence to the Euro area and (ii) by the Currency Board operating in the country. In this study we make an attempt to
Dimitrova, Kalina, Nenovsky, Nikolay
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