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On the Unstable Relationship between Exchange Rates and Macroeconomic Fundamentals

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NBER2009-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15008
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It is well known from anecdotal, survey and econometric evidence that the relationship between the exchange rate and macro fundamentals is highly unstable. This could be explained when structural parameters are known and very volatile, neither of which seems plausible. Instead we argue that large
提供机构:
美国国家经济研究局
创建时间:
2009-05-01
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