| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4480 |
| DP4480 Group Decision-Making in the Shadow of Disagreement | |
| Debraj Ray; Ronny Razin; Kfir Eliaz | |
| 发表日期 | 2004-07-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | Long-run cross-country price data exhibit a puzzle. Today, richer countries exhibit higher price levels than poorer countries, a stylized fact usually attributed to the ?Balassa-Samuelson? effect. But looking back 50 years, or more, this effect virtually disappears from the data. What is often assumed to be a universal property is actually quite specific to recent times. What might explain this historical pattern? We adopt a framework where goods are differentiated by tradability and productivity. A model with monopolistic competition, a continuum-of-goods, and endogenous tradability allows for theory and history to be consistent for a wide range of underlying productivity shocks. |
| 主题 | International Macroeconomics |
| 关键词 | Real exchange rate Great divergence Ricardo-harrod-balassa-samuelson effect |
| URL | https://cepr.org/publications/dp4480 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533425 |
| 推荐引用方式 GB/T 7714 | Debraj Ray,Ronny Razin,Kfir Eliaz. DP4480 Group Decision-Making in the Shadow of Disagreement. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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