Dynamical volatilities for yen–dollar exchange rates

Nonlinearity In Exchange Rates and Forecasting

Exchange rates.

THE UNIVERSITY of Pennsylvania health system was in London recently, recruiting nurses. Its advertisement stated that its recruiters were experienced in hiring nurses from the UK, Ireland and the Philippines, and an 'on the spot job offer is a possibility'. This one advert neatly captures the dynamics of the new international nursing labour market. The advert was placed by an international recr...

Effects of Financial Liberalization on Macroeconomic Volatilities: Applications to Economic Growth, Exchange Rate and Exchange Rate Pass-Through

Relative rotation rates for driven dynamical systems.

Relative rotation rates for two-dimensional driven dynamical systems are defined with respect to arbitrary pairs of periodic orbits. These indices describe the average rate, per period, at which one orbit rotates around another. These quantities are topological invariants of the dynamical system, but contain more physical information than the standard topological invariants for knots, the linki...

Forecasting Disconnected Exchange Rates

Catalyzed by the work of Meese and Rogoff (1983), a large literature has documented the inability of empirical models to accurately forecast exchange rates out-of-sample. This paper extends the literature by introducing an empirical strategy that endogenously builds forecast models from a broad set of conventional exchange rate signals. The method is extremely flexible, allowing for potentially...