This paper analyses the impact of productivity developments in the United States and the euro area on the euro …-dollar exchange rate. The paper presents a new measure of relative average labour productivity (ALP), which does not suffer from the … productivity proxies. Our results indicate that the extent to which productivity can explain the euro depreciation varies with the …

-constraints and the profitability of engaging in innovation (R&D). We decompose the effects of RER changes on productivity growth …

for financing R&D. We decompose the effects of RER changes on productivity growth into these channels and explain regional …

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 …

In this paper, we aim to bring the debate on the global productivity slowdown – which has largely been conducted from a … macroeconomic perspective – to a more micro-level. We show that a particularly striking feature of the productivity slowdown is not … so much a lower productivity growth at the global frontier, but rather rising labour productivity at the global frontier …