To What Extent Does Productivity Drive the Dollar?

RESEARCH - The Federal Reserve Bank of New York has produced a research paper in its Current Issues in Economics and Finance series, Volume 7, Number 8, August 2001. The paper was written by Cedric Tille, Nicolas Stoffels, and Olga Gorbachev.

Extract

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

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