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Journal article
The price of development: The Penn–Balassa–Samuelson effect revisited
September 2016
Paper No' :
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Tags: balassa–samuelson hypothesis; developing countries; penn effect; real exchange rate; structural transformation

CEP discussion paper
Portfolio Allocation and International Risk Sharing Gianluca Benigno and Hande Küçük-Tuger
April 2011
Paper No' CEPDP1048:
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JEL Classification: F31; F41


Tags: portfolio choice; incomplete financial markets; international risk sharing; consumption-real exchange rate anomaly

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CEP discussion paper
Consumption and Real Exchange Rates with Incomplete Markets and Non-Traded Goods Gianluca Benigno and Christoph Theonissen
December 2006
Paper No' CEPDP0771:
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JEL Classification: F31; F41


Tags: consumption-real exchange rate anomaly; incomplete financial markets; nontraded goods