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Controversy: Exchange Rates and Fundamentals

โœ Scribed by Huw Dixon


Book ID
108557242
Publisher
John Wiley and Sons
Year
1999
Tongue
English
Weight
59 KB
Volume
109
Category
Article
ISSN
0013-0133

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Exchange rates and fundamentals: a non-l
โœ Paul De Grauwe; Isabel Vansteenkiste ๐Ÿ“‚ Article ๐Ÿ“… 2007 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 234 KB

We test whether the relationship between changes in the nominal exchange rate and changes in its underlying fundamentals has non-linear features. In order to do so, we extend the Markov-switching model as proposed by McConnell and Perez Quiros (2000) and Dewachter ( 2001) and test it using a sample