Growth, nontradables, and price convergence in the Baltics

Article Abstract:

The real exchange rate appreciation experienced by Estonia, Latvia and Lithuania following macroeconomic stabilization is analyzed. Parameter values used in real business cycle literature were employed to model price convergence in the three Baltic states due to low quality of data. Results show that the price level will more likely be below its equilibrium level and significantly below the price level of industrial countries during the initial phases of transition.

Analysis, Lithuania, Prices and rates, Pricing, Latvia, Estonia

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The Best Rate of Convergence of the Core

Article Abstract:

Formulation is provided to determine the best rate of convergence of the core. An open set of limit economies is derived with a sequence of economies converging to it. Cheng's conditions are adapted to provide endowment vectors along the sequence.

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The effect of exchange rate changes on Belarus's trade balance

Article Abstract:

A depreciation of Belarus's currency can help the country's short-term and long-term trade balance. Authorities can use an effective depreciation approach to improve the value of exports.

International economic relations, Belarus, Capital Management-Depreciation, Balance of trade, Depreciation, Trade policy

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