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Real wage losses - PowerPoint PPT Presentation

E xchange Rate Volatility and Productivity Growth: The Role of Financial Development Aghion, Bacchetta, Ranciere, and

E xchange Rate Volatility and Productivity Growth: The Role of Financial Development Aghion, Bacchetta, Ranciere, and Rogoff. Comments by Valerie Cerra. Main point. Real exchange rate volatility, and thus the exchange rate regime affect growth

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Real wage losses - PowerPoint PPT Presentation

E xchange Rate Volatility and Productivity Growth: The Role of Financial Development Aghion, Bacchetta, Ranciere, and