IDEAS home Printed from
   My bibliography  Save this article

Taux de change réel et démographie dans une petite économie ouverte


  • Karine Gente


[fre] Nous mettons en évidence une relation entre le taux de natalité et le taux de change réel, dans un modèle à générations imbriquées. Les propriétés de cette relation sont les suivantes. D'une part, la réduction du taux de natalité provoque l'appréciation du taux de change réel. D'autre part, une variation temporaire du taux de natalité a des effets durables sur le taux de change réel de moyen terme. Ces résultats permettent d'analyser les conséquences de la transition démographique - qui affecte les économies au cours du développement - ou du baby-boom sur le taux de change réel. [eng] Demography and real exchange rate in a small open economy. . We focus on the relation between the real exchange rate and the birth rate in an overlapping generations setting. This relation has the following properties. First, a reduction of the birth rate entails an appreciation of the real exchange rate. Second, a temporary birth rate shock has durable effects on the medium-run real exchange rate. These results enable to investigate the consequences of the demographic transition - which affects an economy during the development process - or of the baby-boom on the real exchange rate.

Suggested Citation

  • Karine Gente, 2001. "Taux de change réel et démographie dans une petite économie ouverte," Revue Économique, Programme National Persée, vol. 52(3), pages 531-539.
  • Handle: RePEc:prs:reveco:reco_0035-2764_2001_num_52_3_410334

    Download full text from publisher

    File URL:
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    More about this item

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prs:reveco:reco_0035-2764_2001_num_52_3_410334. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Equipe PERSEE). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.