Journal Article
To what extent does productivity drive the dollar?
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;
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Bibliographic Information
Provider: Federal Reserve Bank of New York
Part of Series: Current Issues in Economics and Finance
Publication Date: 2001
Volume: 7
Issue: Aug
Order Number: 8