01824cas a2200289 a 4500 AALejournalIMF022059 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484330135 1018-5941 BD-DhAAL BD-DhAAL Goncalves, Carlos. Exchange Rate Misalignment and Growth : A Myth? / Carlos Goncalves, Mauro Rodrigues. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (15 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 The impact of real exchange rate movements on GDP growth is a hotly debated issue both in policy and academic circles. In this paper, we provide evidence suggesting that the association between exchange rate misalignment and growth for a broad panel of countries is very weak. Controlling for country fixed effects, time effects and initial GDP, a more depreciated currency is associated with higher growth if one does not exclude outliers. However, this positive association always vanishes after controling for the savings rate. Importantly, this applies for both a large panel of countries and for the emerging economies subsample. Mode of access: Internet Exchange Rate-Growth Nexus imf WP imf United States imf Rodrigues, Mauro. IMF Working Papers; Working Paper ; No. 2017/283 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/283/001.2017.issue-283-en.xml IMF e-Library