Trends in European Productivity PDF Download
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Author: Matthew B. Canzoneri
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 38
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Book Description
Author: Matthew B. Canzoneri
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 38
Get Book Here
Book Description
Author: Matthew B. Canzoneri
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 60
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Book Description
Author: Matthew B. Canzoneri
Publisher:
ISBN:
Category :
Languages : es
Pages : 27
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Book Description
Author: Matthew B. Canzoneri
Publisher:
ISBN: 9788477934677
Category : Foreign exchange
Languages : en
Pages : 0
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Book Description
Author:
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 49
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Book Description
Author: Mr.Leslie Lipschitz
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
This paper examines indicators of competitiveness. It analyzes the conceptual foundations of conventional measures of the real exchange rate and finds that inferences about competitiveness from these indicators require strong, and in many cases implausible, assumptions. Based on this analysis some alternative measures are proposed and their use is illustrated using data from Europe. Given the usefulness of standardized indicators, four simple charts are proposed; these help solve some conundrums in the European data and provide the basis for a richer set of inferences about competitiveness.
Author: Matthew B. Canzoneri
Publisher:
ISBN:
Category :
Languages : en
Pages : 28
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Book Description
Author: José García Solanes
Publisher: Fundacion BBVA
ISBN:
Category :
Languages : en
Pages : 71
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Book Description
Author: Joscha Beckmann
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This paper provides new insights into the relationship between exchange rates and productivity developments for European Economies. We focus on the question whether productivity changes have a long-run impact on real effective exchange rates for a large number of European economies. Focusing on a sample period running from 1995 until 2013, we adopt a cointegrated vector autoregressive approach and distinguish between long-run equilibrium, short-run dynamics and long-run impact of shocks. Our findings show that for several industrialized economies, real effective exchange rates and labor productivity are not related over the long-run. A possible explanation for this result is that wage developments do not reflect increases in labor productivity to a large degree, which prevents a transmission to the real effective exchange rate through the price channel. The results for Central and Eastern European Countries are more encouraging since a positive impact of labor productivity on real effective exchange rate is frequently observed.
Author: Frank Engels
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This paper provides favorable econometric evidence for a productivity-based model of the pound/euro real exchange rate. We find that a 1% increase in UK productivity is consistent with a 3.5% real depreciation of sterling. Likewise, a 1% increase in euro area productivity is compatible with a 5.16% real appreciation of sterling. The asymmetric response of UK and foreign productivity shocks corresponds well with our model if UK labor supply is more elastic than euro area labor supply. Estimates of equilibrium exchange rates suggest that sterling was not overvalued at its 2004Q3 level vis-a-vis the euro.
