nontraded goods, and it analyzes the impact of country- specific and global productivity shocks on the current account and … productivity growth. Second, global traded productivity and country-specific nontraded productivity growth have no effect on the … current account, but they have significant impact on investment. Third, global component of nontraded productivity is …

The evidence for a productivity-based explanation for real exchange rate behavior of East Asian currencies is examined …. Using sectoral output and employment data, relative prices and relative productivity levels are calculated for China … rates and relative productivity ratios, one finds a relationship for Japan, Malaysia, the Philippines. Only when augmenting …

We find that productivity gains in tradables cause an appreciation of the real exchange rate via both tradable and … rate of tradables in OECD economies that overcompensates the appreciation due to nontradable prices. Rising net foreign …

The evidence for a productivity-based explanation for real exchange rate behavior of East Asian currencies is examined …. Using sectoral output and employment data, relative prices and relative productivity levels are calculated for China … rates and relative productivity ratios, one finds a relationship for Japan, Malaysia, the Philippines. Only when augmenting …

We find that productivity gains in tradables cause an appreciation of the real exchange rate via both tradable and … rate of tradables in OECD economies that overcompensates the appreciation due to nontradable prices. Rising net foreign …

This paper analyses some of the factors behind the diverging productivity performances of the US and the EU over the … by two features the disappearance of the process of productivity catching-up of Europe vis-à-vis the US which had lasted … for most of the post-war period and the reversal from productivity slowdown to productivity acceleration in the US in the …