to the stock-flow approach and augmenting the monetary model with share prices and the country risk premium improves … commodity prices do not help explain the large depreciations. While these models do a reasonably good job in-sample, their out …

We find that productivity gains in tradables cause an appreciation of the real exchange rate via both tradable and … nontradable prices in the CEE-5 and have no affect in the Baltic countries, while they lead to a depreciation of the real exchange … rate of tradables in OECD economies that overcompensates the appreciation due to nontradable prices. Rising net foreign …

Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …

as a function of skilled and unskilled labor, capital, materials, and total factor productivity, which is broadly defined …This paper assesses the role of intra-sectoral spillovers in total factor productivity across Chinese producers in the …, the extent of accumulated intangible assets, and unobservable total factor productivity. Despite the richness of our data …

Empirical research on the drivers of multi-factor productivity (MFP) is abundant at the firm- and industry level but …

We explore the possibility that a global productivity slowdown is responsible for the widespread decline in the labor …) and capital-skill complementarity à la Grossman et al. (2017), the steady-state labor share is positively correlated with … the rates of capital-augmenting and labor-augmenting technological progress. We calibrate the key parameters describing …

that are implicit in previous firm-level productivity estimation approaches. We use Belgian firms production data to …