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Taylor rules and the Canadian–US equilibrium exchange rate

✍ Scribed by Tino Berger; Bernd Kempa


Book ID
116659206
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
677 KB
Volume
31
Category
Article
ISSN
0261-5606

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Taylor rules and the Canadian–US equilib
✍ Tino Berger; Bernd Kempa 📂 Article 📅 2012 🏛 Elsevier Science 🌐 English ⚖ 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