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 ...

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 ...

There is 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 evidence on this issue ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. What do the Lao kip, Haitian gourde and Uzbekistani som have in common? According to one theory, at least, they ...

Simply sign up to the Currencies myFT Digest -- delivered directly to your inbox. Foreign exchange has won broad acceptance as a legitimate asset class in recent years, despite the fact it is a zero ...

We incorporate different sectoral job separation rates into a two-sector small open economy model to investigate the Balassa-Samuelson (B-S) effect. While labour is mobile, unemployment occurs due to ...