The views expressed in this article are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Federal Reserve Bank of San Francisco or the Board of Governors of the Federal Reserve System. Jordà is grateful for the support from the Spanish MICINN National Grant SEJ2007-6309 and the hospitality of the Federal Reserve Bank of San Francisco during preparation of this manuscript. Taylor also gratefully acknowledges research support from the Center for the Evolution of the Global Economy at the University of California, Davis. We thank the editor and referees for helpful comments. All errors are ours. Please address correspondence to: Òscar Jordà, Economic Research, MS 1130, Federal Reserve Bank of San Francisco, 101 Market St., San Francisco, CA 94105. Phone: (415) 974-2691. Fax: (415) 974-2168. E-mail: firstname.lastname@example.org.
THE HARROD–BALASSA–SAMUELSON HYPOTHESIS: REAL EXCHANGE RATES AND THEIR LONG-RUN EQUILIBRIUM*
Article first published online: 21 MAY 2012
© (2012) by the Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association
International Economic Review
Volume 53, Issue 2, pages 609–634, May 2012
How to Cite
Chong, Y., Jordà, Ò. and Taylor, . A. M. (2012), THE HARROD–BALASSA–SAMUELSON HYPOTHESIS: REAL EXCHANGE RATES AND THEIR LONG-RUN EQUILIBRIUM. International Economic Review, 53: 609–634. doi: 10.1111/j.1468-2354.2012.00694.x
Manuscript received April 2010; revised January 2011.
- Issue published online: 21 MAY 2012
- Article first published online: 21 MAY 2012
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