We estimate the productivity- and wage-returns to firm-provided training in a panel of French Firms. We find positive and significant returns to training on productivity. For instance, an increase in training intensity by 150 Euros per worker increases a firms labor productivity by 0.4 %....

Large fluctuations in both nominal and real parities between G7 countries raise the issue of their determinants. This paper offers a formal description of a model of the real exchange rate, defined as the relative price of nontradables in terms of tradables, explicitly based on microeconomic...