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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Bibliografiske detaljer
Hovedforfatter: Cerra, Valerie
Andre forfattere: Saxena, Sweta
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2008.
Serier:IMF Working Papers; Working Paper ; No. 2008/073
Online adgang:Full text available on IMF
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245 1 4 |a The Monetary Model Strikes Back :   |b Evidence from the World /  |c Valerie Cerra, Sweta Saxena. 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a 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 beating a random walk in out-of-sample prediction. 
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700 1 |a Saxena, Sweta. 
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