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Monday, July 30, 2007



I'm wondering if in Singapore English real appreciation of the exchange rate means the opposite of what it does in my vocabulary. "Countries with a trade surplus should experience a depreciation"? Huh?

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One baby less = 0.15% depreciation. If Japan's fertility is say 1.2 children per woman, the whole research is worthless. Idem Singapur.

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A country experiencing a decline in its fertility rate can be expected to have higher savings, lower investment, a current account surplus, and accordingly a real depreciation.A decline in the fertility rate of one child per woman is associated with a depreciation of approximately .15% in the real effective exchange rate.

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I think the most people do not know what is the real mean of the word fertility,people must know why is so important new births every day, there are places that hardly birth babies.

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