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Price and income convergence and the dynamic Penn effect in Central and Eastern Europe |
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| Authors: | Degler Moritz Staehr Karsten |
| Institution: | 1.Oxford Economics Ltd, Oxford, UK ;2.Department of Economics and Finance, Tallinn University of Technology, Akadeemia tee 3-486, 12618, Tallinn, Estonia ;3.Bank of Estonia, Tallinn, Estonia ; |
| Abstract: | Economic Change and Restructuring - The dynamic Penn effect denotes a close relationship between relative income and price levels over time. This paper examines whether the effect is present in the... |
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