TY - RPRT AU - Jiménez-Martín, Juan-Ángel AU - Flores de Frutos, Rafael PY - 2004 UR - https://hdl.handle.net/20.500.14352/56613 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... LA - eng A3 - Instituto Complutense de Análisis Económico. Universidad Complutense de Madrid KW - Exchange rate KW - Equilibrium model KW - Seasonality TI - The fit of dynamic equilibrium models of exchange rate TY - technical report VL - 2004 ER -