Do Long-Run Productivity Differentials Explain Long-Run Real Exchange Rates? /
We develop a two-country, balanced-growth intertemporal general equilibrium model to examine two predictions of the Balassa-Samuelson model, namely that (i) productivity differentials determine the domestic relative price of nontradables and (ii) deviations from purchasing power parity reflect diffe...
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Other Authors: | |
Format: | Journal |
Language: | English |
Published: |
Washington, D.C. :
International Monetary Fund,
1994.
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Series: | IMF Working Papers; Working Paper ;
No. 1994/060 |
Online Access: | Full text available on IMF |