Verfügbarkeit: Maintaining Competitiveness Under Equilibrium Real Appreciation

Maintaining Competitiveness Under Equilibrium Real Appreciation: The Case of Slovakia

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. Howeve...

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1. Verfasser:	Oomes, Nienke (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2005
Schriftenreihe:	IMF Working Papers Working Paper No. 05/65
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	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
Beschreibung:	1 Online-Ressource (29 p)
ISBN:	1451860846 9781451860849

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spelling	Oomes, Nienke Verfasser aut Maintaining Competitiveness Under Equilibrium Real Appreciation The Case of Slovakia Oomes, Nienke Washington, D.C International Monetary Fund 2005 1 Online-Ressource (29 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 05/65 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 Online-Ausg http://elibrary.imf.org/view/IMF001/04422-9781451860849/04422-9781451860849/04422-9781451860849.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Oomes, Nienke Maintaining Competitiveness Under Equilibrium Real Appreciation The Case of Slovakia
title	Maintaining Competitiveness Under Equilibrium Real Appreciation The Case of Slovakia
title_auth	Maintaining Competitiveness Under Equilibrium Real Appreciation The Case of Slovakia
title_exact_search	Maintaining Competitiveness Under Equilibrium Real Appreciation The Case of Slovakia
title_exact_search_txtP	Maintaining Competitiveness Under Equilibrium Real Appreciation The Case of Slovakia
title_full	Maintaining Competitiveness Under Equilibrium Real Appreciation The Case of Slovakia Oomes, Nienke
title_fullStr	Maintaining Competitiveness Under Equilibrium Real Appreciation The Case of Slovakia Oomes, Nienke
title_full_unstemmed	Maintaining Competitiveness Under Equilibrium Real Appreciation The Case of Slovakia Oomes, Nienke
title_short	Maintaining Competitiveness Under Equilibrium Real Appreciation
title_sort	maintaining competitiveness under equilibrium real appreciation the case of slovakia
title_sub	The Case of Slovakia
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