Exchange rates, productivity, poverty and inequality
نویسندگان
چکیده
منابع مشابه
Inequality and Real Exchange Rates
Kocherlakota and Pistaferri (2007) describe two different models (Private Information Pareto Optimal and Incomplete Markets) of how households partially insure themselves against idiosyncratic shocks. They demonstrate that the models differ in terms of their implications for real exchange rates. In this paper, we use data from a wide range of countries, and document that there is a statististic...
متن کاملReal Exchange Rates and Sectoral Productivity in the Eurozone
We investigate the link between real exchange rates and sectoral total factor productivity measures for countries in the Eurozone. Real exchange rate patterns closely accord with an amended Balassa-Samuelson interpretation, both in cross-section and time series. We construct a sticky price dynamic general equilibrium model to generate a crosssection and time series of real exchange rates that c...
متن کاملReal Exchange Rates and Productivity: Evidence From Asia
This paper examines a productivity-based explanation of the long run real exchange rate movements of six Asian economies. Using industry level data, we construct total factor productivities (TFPs) for the tradable and nontradable sectors. We nd that (a) within each country the relative price of nontradable goods is cointegrated with the sectoral TFP di¤erential, and (b) the real exchange rates...
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ژورنال
عنوان ژورنال: Applied Economics
سال: 2007
ISSN: 0003-6846,1466-4283
DOI: 10.1080/00036840500439101