RT Report
T1 The fit of dynamic equilibrium models of exchange rate
A1 Jiménez Martín, Juan Ángel
A1 Flores de Frutos, Rafael
AB The two-country monetary model has become a fundamental tool for explaining the behavior of the exchange rate. However, the popularity of this approach is not justified by its empirical support. One of the reasons for the empirical “failure” of exchange rate models could be the econometric approach applied. In this paper, an alternative procedure for evaluating the fit of dynamic equilibrium models of exchange rate is suggested. This approach is applied to three theoretical models: Lucas (1982), Svensson (1985), and Grilli and Roubini (1992).
PB Instituto Complutense de Análisis Económico. Universidad Complutense de Madrid
YR 2004
FD 2004
LK https://hdl.handle.net/20.500.14352/56613
UL https://hdl.handle.net/20.500.14352/56613
LA eng
DS Docta Complutense
RD 9 abr 2025