The Penn-Balassa-Samuelson effect through the lens of the dependent economy model

DOI10.1016/J.JEDC.2011.04.012zbMath1230.91121OpenAlexW2090410562MaRDI QIDQ654606

Philip L. Brock

Publication date: 29 December 2011

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2011.04.012

zbMATH Keywords

intertemporal optimizationexternal economiesPenn-Balassa-Samuelson effectrelative price of nontradables

Mathematics Subject Classification ID

Multisectoral models in economics (91B66) Trade models (91B60)

Related Items (1)

Forecasting energy market contracts by ambit processes: empirical study and numerical results

Cites Work

• Foreign transfers and real exchange rate adjustments in a financially constrained dependent economy
• Multiple equilibria and thresholds due to relative investment costs
• Business Cycle Accounting

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