Real exchange rate and productivity in an OLG model

Thi Hong Thinh Doan and Karine Gente ()

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Abstract: This article develops an overlapping generations model to show how demography and savings affect the relationship between real exchange rate (RER) and productivity. In high-saving (low-saving) countries and/or low-population-growth-rate countries, a rise in productivity leads to a real depreciation (appreciation) whereas the RER may appreciate or depreciate in high-population-growth-rate. Using panel data, we conclude that a rise in productivity generally causes a real exchange rate appreciation in debtor countries, a depreciation in creditor countries, an appreciation in countries whose population growth rate is low.

Keywords: Economie; quantitative (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

Published in Annals of Economics and Statistics, 2013, 109-110, pp.259-280. ⟨10.2307/23646434⟩

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Journal Article: Real Exchange Rate and Productivity in an OLG Model (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01499640

DOI: 10.2307/23646434

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