Taylor rules and the Deutschmark-dollar real exchange rate
by Charles Engel
"We explore the link between an interest rate rule for monetary policy and the behavior of the real exchange rate. The interest rate rule, in conjunction with some standard assumptions, implies that the deviation of the real exchange rate from its steady state depends on the present value of a weighted sum of inflation and output gap differentials. The weights are functions of the parameters of the interest rate rule. An initial look at German data yields some support for the model"--National Bureau of Economic Research web site.
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Econometric models, Foreign exchange ratesPlaces
Germany, United States| Edition | Availability |
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Taylor rules and the deutschmark-dollar real exchange rate
2004, National Bureau of Economic Research
Electronic resource
in English
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Taylor rules and the Deutschmark-dollar real exchange rate
2004, National Bureau of Economic Research
in English
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Book Details
Edition Notes
"December 2004."
Includes bibliographical references (p. [23-24]).
Also available in PDF from the NBER world wide web site (www.nber.org).
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"We explore the link between an interest rate rule for monetary policy and the behavior of the real exchange rate. The interest rate rule, in conjunction with some standard assumptions, implies that the deviation of the real exchange rate from its steady state depends on the present value of a weighted sum of inflation and output gap differentials. The weights are functions of the parameters of the interest rate rule. An initial look at German data yields some support for the model"--National Bureau of Economic Research web site.
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| December 13, 2020 | Edited by MARC Bot | import existing book |
| December 3, 2010 | Edited by Open Library Bot | Added subjects from MARC records. |
| December 10, 2009 | Created by WorkBot | add works page |