Different causal mechanisms have been proposed to link commodity prices and exchange rates, with opposing implications. We examine these causal relationships empirically, using data on three commodities (crude oil, gold, copper) and four countries (Canada, Australia, Norway, Chile), over the...

Productivity growth is carefully scrutinized by macroeconomists because it plays key roles in understanding private savings behaviour, the sources of macroeconomic shocks, the evolution of international competitiveness and the solvency of public pension systems, among other things. However,...

Productivity growth is carefully scrutinized by macroeconomists because it plays key roles in understanding private savings behaviour, the sources of macroeconomic shocks, the evolution of international competitiveness and the solvency of public pension systems, among other things. However,...