NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Real Exchange Rate in the Long Run: Balassa-Samuelson Effects Reconsidered

Michael D. Bordo, Ehsan U. Choudhri, Giorgio Fazio, Ronald MacDonald

NBER Working Paper No. 20228
Issued in June 2014

---- Acknowledgements ----

The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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