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positive price-income association is attributable, at least partly, to the Balassa-Samuelson productivity differential effect …
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Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …
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Using Difference-in-Differences estimation and data from the European Community Household Panel, this paper suggests that the fixed exchange-rate policy adopted by Italy in the 1997-2000 period has reduced the real hourly wage growth of Italian fulltime workers with permanent contracts, on...
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This paper aims to discuss the theory of productivity growth and its empirical applications, several authors emphasize … the impact of real exchange rate devaluation on productivity. The main research question is: does the real exchange rate … have a positive or negative impact on productivity growth? The first step in answering this question is to discuss …
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