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The impact of FX central bank intervention in a noise trading framework

Beine, Michel; De Grauwe, Paul; Grimaldi, Marianna - 2005

In this paper we investigate the effects of central bank interventions (CBI) in a noise trading model with chartists and fundamentalists. We first estimate a model in which chartists extrapolate past returns and fundamentalists forecast a mean reverting dynamics of the exchange rate towards a...

Persistent link: https://www.econbiz.de/10003090615

The impact of FX central bank intervention in a noise trading framework

Beine, Michel (contributor); De Grauwe, Paul (contributor); … - 2005

Persistent link: https://www.econbiz.de/10003113337

Fundamental and non-fundamental equilibria in the foreign exchange market : a behavioural finance framework

De Grauwe, Paul (contributor); Dieci, Roberto (contributor); … - 2005

We develop a simple model of the exchange rate in which agents optimize their portfolio and use different forecasting rules. They check the profitability of these rules ex post and select the more profitable one. This model produces two kinds of equilibria, a fundamental and a bubble one. In a...

Persistent link: https://www.econbiz.de/10002749785

[Rezension von: MacDonald, Ronald, ..., Exchange rates and open economy macroeconomics]

De Grauwe, Paul - In: The economic journal : the journal of the Royal … 100 (1990) 402, pp. 1001-1003

Persistent link: https://www.econbiz.de/10001344292

The indeterminacy of the Euro conversion rates : why it matters and how it can be solved

De Grauwe, Paul; Belke, Ansgar - In: Current issues in monetary economics : with 16 tables, (pp. 251-272). 1998

Persistent link: https://www.econbiz.de/10001303286

On the conduct of monetary policy in an asymmetric Euroland

De Grauwe, Paul; Dewachter, Hans; Aksoy, Yunus - In: From EMS to EMU : 1979 to 1999 and beyond, (pp. 208-225). 1999

Persistent link: https://www.econbiz.de/10001499321

A behavioral finance model of the exchange rate with many forecasting rules

De Grauwe, Paul (contributor); … - 2006

Persistent link: https://www.econbiz.de/10003397199

Learning to forecast the exchange rate : two competing approaches

De Grauwe, Paul (contributor); … - 2006

Persistent link: https://www.econbiz.de/10003364022

From EMS to EMU : are we better off?

De Grauwe, Paul; Dewachter, Hans; Aksoy, Yunus - In: The political economy of European monetary unification, (pp. 157-177). 2001

Persistent link: https://www.econbiz.de/10001599367

Independence and accountability of central banks

De Grauwe, Paul - In: Governance, equity, and global markets, (pp. 137-142). 2001

Persistent link: https://www.econbiz.de/10001706959