Taux de change réel et démographie dans une petite économie ouverte

Karine Gente ()

Revue économique, 2001, vol. 52, issue 3, 531-539

Abstract: We focus on the relation between the real exchange rate and the birth rate in an overlapping generations setting. This relation has the following properties. First, a reduction of the birth rate entails an appreciation of the real exchange rate. Second, a temporary birth rate shock has durable effects on the medium-run real exchange rate. These results enable to investigate the consequences of the demographic transition ? which affects an economy during the development process ? or of the baby-boom on the real exchange rate. Classification JEL : F31, F41

JEL-codes: F31 F41 (search for similar items in EconPapers)
Date: 2001
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