Sources of exchange rate fluctuations: Are they real or nominal?
نویسندگان
چکیده
منابع مشابه
Sources of exchange rate fluctuations with Taylor rule fundamentals
a r t i c l e i n f o This paper investigates the sources of exchange rate fluctuations when monetary policy follows a Taylor rule interest rate reaction function. We first present a simple dynamic exchange rate model with Taylor rule fundamentals which is triangular in the long-run impacts of shocks to the output market, the interest rate differential, and the Taylor rule. We then proceed to a...
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ژورنال
عنوان ژورنال: Journal of International Money and Finance
سال: 2011
ISSN: 0261-5606
DOI: 10.1016/j.jimonfin.2011.05.007