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 …

The paper tests for nonlinearities in the adjustment of the euro exchange rate towards purchasing power parity (PPP …). It presents new survey based evidence consistent with non-linear patterns in euro exchange rate dynamics. Moreover, based … reversion in euro exchange rates increases non-linearly with the magnitude of the PPP deviation. Accordingly, while the euro …

At the beginning of 1999 the euro was launched as a common currency in 11 European countries. This paper addresses … empirically the medium to long-term forces driving the real euro-dollar exchange rate. Constructing a synthetic euro … determinants of the real euro-dollar exchange rate: the international real interest rate differential, relative prices in the …

This paper presents an empirical analysis of the medium-term determinants of the euro effective exchange rate. The … the euro effective exchange rate. Assessing the existence and the extent of the over- or undervaluation of the exchange … models point unambiguously to the undervaluation of the euro in 2000, although the extent of this undervaluation largely …

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 …

At the beginning of 1999 the euro was launched as a common currency in 11 European countries. This paper addresses … empirically the medium to long-term forces driving the real euro-dollar exchange rate. Constructing a synthetic euro … determinants of the real euro-dollar exchange rate: the international real interest rate differential, relative prices in the …