Read Maintaining Competitiveness Under Equilibrium Real Appreciation: The Case of Slovakia

Maintaining Competitiveness Under Equilibrium Real Appreciation: The Case of Slovakia

Nienke Oomes

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Description:This paper evaluates competitiveness in Slovakia and estimates the equilibrium real exchange rate for the koruna. Slovak wages and prices are found to have been relatively low even when adjusted for differences in relative income and productivity, suggesting an undervalued real exchange rate. However, recent rapid nominal appreciation has reduced most or all of this undervaluation and has brought the real exchange rate near or above equilibrium. The productivity-driven equilibrium real appreciation rate during 2005?09 is estimated at close to 3 percent per year but can be lower with the help of fiscal consolidation.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Maintaining Competitiveness Under Equilibrium Real Appreciation: The Case of Slovakia. To get started finding Maintaining Competitiveness Under Equilibrium Real Appreciation: The Case of Slovakia, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 62

Format: PDF, EPUB & Kindle Edition

Publisher: Not Avail

Release: 2005

ISBN: 6613801925

Description: This paper evaluates competitiveness in Slovakia and estimates the equilibrium real exchange rate for the koruna. Slovak wages and prices are found to have been relatively low even when adjusted for differences in relative income and productivity, suggesting an undervalued real exchange rate. However, recent rapid nominal appreciation has reduced most or all of this undervaluation and has brought the real exchange rate near or above equilibrium. The productivity-driven equilibrium real appreciation rate during 2005?09 is estimated at close to 3 percent per year but can be lower with the help of fiscal consolidation.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Maintaining Competitiveness Under Equilibrium Real Appreciation: The Case of Slovakia. To get started finding Maintaining Competitiveness Under Equilibrium Real Appreciation: The Case of Slovakia, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Maintaining Competitiveness Under Equilibrium Real Appreciation: The Case of Slovakia

Maintaining Competitiveness Under Equilibrium Real Appreciation: The Case of Slovakia

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