The Monetary Model Strikes Back : Evidence from the World /
We revisit the dramatic failure of monetary models in explaining exchange rate movements. Using the information content from 98 countries, we find strong evidence for cointegration between nominal exchange rates and monetary fundamentals. We also find fundamentalsbased models very successful in beat...
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| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
2008.
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| סדרה: | IMF Working Papers; Working Paper ;
No. 2008/073 |
| גישה מקוונת: | Full text available on IMF |