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Taylor rule equilibrium exchange rates and nonlinear mean reversion

✍ Scribed by Beckmann, Joscha; Wilde, Wolfram


Book ID
120414309
Publisher
Taylor and Francis Group
Year
2013
Tongue
English
Weight
244 KB
Volume
23
Category
Article
ISSN
0960-3107

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πŸ“œ SIMILAR VOLUMES


Taylor rules and the Canadian–US equilib
✍ Tino Berger; Bernd Kempa πŸ“‚ Article πŸ“… 2012 πŸ› Elsevier Science 🌐 English βš– 677 KB

This paper identifies the Canadian–US equilibrium exchange rate based on a simple structural model of the real exchange rate, in which monetary policy follows a Taylor-rule interest rate reaction function. The exchange rate is explained by relative output and inflation as observable variables, and b