Schnatz, Bernd; Vijselaar, Focco; Osbat, Chiara - European Central Bank - 2003
This paper analyses the impact of productivity developments in the United States and the euro area on the euro … productivity proxies. Our results indicate that the extent to which productivity can explain the euro depreciation varies with the … used the former to assess productivity developments, this might thus have contributed to the weakness of the euro in 2000 …