In this paper we consider a range of topics which connect exchange rates to the economic growth process. In particular, we first of all outline the basic properties of exchange rates when they are flexible. One key feature of flexible exchange rates is that they are highly volatile and such...

Cet article donne un apercu general des evolutions economiques aux Etas-Unis dans les annees nonante et vise a mettre en evidence certaines caracteristiques structurelles qui les sous-tendent.

This paper discusses some of the recent developments in growth theory, doing so from the perspective of a small open economy. After setting out a basic generic model, we show how it may yield two of the key models that have played a prominent role in the recent literature, the endogenous growth...

This paper discusses possible links between monetary arrangements -in particular monetary union- and economic growth. It is stressed that growth depends ultimately on how the real economy works: there is no monetary magic that can conjure up growth. But monetary policy can contribute to...