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Previous assessments of nominal exchange rate determination have focused upon a narrow set of models typically of the 1970 s vintage, including monetary and portfolio balance models. In this paper we re-assess the in-sample fit and out-of-sample prediction of a wider set of models that have been...
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-of-sample prediction of a wider set of models that have been proposed in the last decade, namely interest rate parity, productivity based …
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Theo S. Eicher and Thomas Strobel present an industry-level account of the recent changes in German productivity growth … in 1995 and again in 2000, Germany experienced dual reductions in labor productivity growth. Some European economies … fared better and others even worse than Germany. Since productivity is the ultimate determinant of living standards, the …
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