Zenaide Muneton is a nanny in New York City. Last year, she made more than $200,000, Planet Money reports. Yes, with five zeros. How in the world can Manhattan nannies be worth $200,000 a year? One ...

This is a preview. Log in through your library . Abstract This paper studies a form of Dutch Disease known as the Transfer Problem in developing countries. On the theoretical side we present a simple ...

Abstract: There is surprisingly little empirical research on whether Balassa-Samuelson effects can explain the long-run behavior of real exchange rates in developing countries. This paper presents new ...

Drawing a scatter diagram between differences in service prices and productivity among Japanese regions reveals a positive correlation. Additionally, all students of international economics know of ...

This is a preview. Log in through your library . Abstract The real exchange rates of CEECs have been appreciating for the last decade, especially when measured by consumer prices. We argue that the ...

This paper investigates how the Asian Monetary Unit (AMU) Deviation Indicators for surveillance measurements among East Asian currencies are improved by changing their benchmark rates from the ...

China's merchandise trade surplus surged by $111.7 billion in November, reaching an impressive $1.08 trillion for the first 11 months of the year, a 22.1% increase compared to the same period of last ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I argued in my previous blog that sterling is overvalued. Objections to this usually take one of two forms. The ...

Discover Paul Samuelson's groundbreaking economic theories, Nobel-winning contributions, and his lasting impact on microeconomics and macroeconomics.

Our special report on the world of prices wouldn't be complete without asking, and trying to answer, a big, and surprisingly complex, question: How do pricey countries get that way? Zenaide Muneton is ...

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those ...