Does Productivity Growth Lead to Appreciation of the Real Exchange Rate? /
We revisit the time-honored link between productivity and the real exchange rate. Consistent with the traditional view, we find that higher labor productivity tends to lead to appreciation of the real exchange rate. Contrary to the traditional view, however, we find that the positive productivity ef...
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| Format: | Czasopismo |
| Język: | English |
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Washington, D.C. :
International Monetary Fund,
2003.
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| Seria: | IMF Working Papers; Working Paper ;
No. 2003/154 |
| Dostęp online: | Full text available on IMF |