To what extent does productivity drive the dollar?

Olga Gorbachev, Nicolas Stoffels and Cédric Tille

Current Issues in Economics and Finance, 2001, vol. 7, issue Aug

Abstract: The continuing strength of the dollar has fueled interest in the relationship between productivity and exchange rates. An analysis of the link between the dollar's movements and productivity developments in the United States, Japan, and the euro area suggests that productivity can account for much of the change in the external value of the dollar over the past three decades.

Keywords: Foreign exchange rates; Labor productivity; Dollar, American (search for similar items in EconPapers)
Date: 2001
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