Does Productivity Growth Appreciate The Real Exchange Rate
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We revisit the time-honored link between productivity and the real exchange rate. Consistent with the traditional view, we find that higher labor productivity t
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Revisiting the time-honored link between productivity growth and the real exchange rate, we find that higher labor productivity tends to appreciate the real exc
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Type: BOOK - Published: 2010-12-01 - Publisher: International Monetary Fund
We review the literature on Dutch disease, and document that shocks that trigger foreign exchange inflows (such as natural resource booms, surges in foreign aid
Language: en
Pages: 38
Pages: 38
Type: BOOK - Published: 1994-02-01 - Publisher: International Monetary Fund
This paper attempts to provide a perspective on real exchange rate developments following the inception of the EMS. The focus is on structural determinants of r