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Chief Economist JP Cotis comments on Balassa-Samuelson effect in CEC5 countries

Comments by OECD Chief Economist Jean-Philippe Cotis on the paper "How real is the Fear? Investigating the Balassa-Samuelson effect in CEC5 countries in the prospect of EMU enlargement" by M.A. Kovacs. Mr. Kovac's paper is attached as a related document.