01732cas a2200241 a 4500 AALejournalIMF001232 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451852264 1018-5941 BD-DhAAL BD-DhAAL Zaman, Jahanara. Real Exchange Rates and Productivity : Closed-Form Solutions and Some Empirical Evidence / Jahanara Zaman. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the impact of productivity shocks on real exchange rate fluctuations in a dynamic international general equilibrium model with nontraded goods. The model predicts a close association between relative technology shocks and bilateral real exchange rate movements. Empirical results based on the data for Group of Seven countries are consistent with the predicted theoretical correlations. Using Johansen and Juselius (1990) multivariate cointegration tests the study finds that a statistically significant relationship exists between bilateral real exchange rates and international productivity differentials in the traded and nontraded sectors. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2000/099 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/099/001.2000.issue-099-en.xml IMF e-Library