In the long run, real exchange rates are mainly determined by the supply-side of an economy (changes in the productivity), which is embodied in the model of Balassa-Samuelson effect.
长期实际汇率主要取决于经济的供给面，即生产率的变化，这一思想体现在巴拉萨—萨缪尔森效应的模型中。
In the long run, real exchange rates are mainly determined by the supply-side of an economy (changes in the productivity), which is embodied in the model of Balassa-Samuelson effect.
长期实际汇率主要取决于经济的供给面，即生产率的变化，这一思想体现在巴拉萨—萨缪尔森效应的模型中。
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