Discussion paper DP12943 The Real Exchange Rate, Innovation and Productivity: Heterogeneity, Asymmetries and Hysteresis Harald Fadinger Alejandro Cuñat Laura Alfaro Yanping Liu 19 May 2018 Development Economics Industrial Organization International Macroeconomics and Finance International Trade and Regional Economics Macroeconomics and Growth F12 F14 F31 F41 F43 F47 F63 L16 L52 O14 O24 O33