2026-06-28T15:16:19Zhttps://docta.ucm.es/rest/oai/requestoai:docta.ucm.es:20.500.14352/566132025-02-11T16:47:36Zcom_20.500.14352_14col_20.500.14352_17
Docta Complutense
author
Jiménez Martín, Juan Ángel
author
Flores de Frutos, Rafael
2023-06-20T16:39:19Z
2023-06-20T16:39:19Z
2004
https://hdl.handle.net/20.500.14352/56613
https://www.ucm.es/icae
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).
eng
The fit of dynamic equilibrium models of exchange rate
technical report
URL
https://docta.ucm.es/bitstreams/65cfba7f-84e9-4474-86ab-f18cc9081230/download
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3b7482fa994a0cdc9ce8c162e728fc89
1694045
application/pdf
0411.pdf
URL
https://docta.ucm.es/bitstreams/db8c0564-b591-4433-840c-d933924adde9/download
File
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6d4ae617558c933a51fe6f14abfc97b1
69241
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0411.pdf.txt