Lee, Jaewoo.
In Which Exchange Rate Models Do Forecasters Trust? Jaewoo Lee. [electronic resource] / Jaewoo Lee. - Washington, D.C. : International Monetary Fund, 2011. - 1 online resource (17 p.) - IMF Working Papers; Working Paper ; No. 11/116 . - IMF Working Papers; Working Paper ; No. 11/116 .
Using survey data of market expectations, we ask which popular exchange rate models appear to be consistent with expectation formation of market forecasters. Exchange rate expectations are found to be correlated with inflation differentials and productivity differentials, indicating that the relative PPP and Balassa-Samuelson effect are common inputs into expectation formation of market forecasters.
1455262390 : 18.00 USD
1018-5941
10.5089/9781455262397.001 doi
Current Account
Exchange Rate Models
Exchange Rate Regime
Exchange Rate
Exchange Rates
Interest Rate
Brazil
Bulgaria
Egypt
Nigeria
Turkey
In Which Exchange Rate Models Do Forecasters Trust? Jaewoo Lee. [electronic resource] / Jaewoo Lee. - Washington, D.C. : International Monetary Fund, 2011. - 1 online resource (17 p.) - IMF Working Papers; Working Paper ; No. 11/116 . - IMF Working Papers; Working Paper ; No. 11/116 .
Using survey data of market expectations, we ask which popular exchange rate models appear to be consistent with expectation formation of market forecasters. Exchange rate expectations are found to be correlated with inflation differentials and productivity differentials, indicating that the relative PPP and Balassa-Samuelson effect are common inputs into expectation formation of market forecasters.
1455262390 : 18.00 USD
1018-5941
10.5089/9781455262397.001 doi
Current Account
Exchange Rate Models
Exchange Rate Regime
Exchange Rate
Exchange Rates
Interest Rate
Brazil
Bulgaria
Egypt
Nigeria
Turkey