mechanism in foreign exchange markets. We analyze the role of expectations regarding macroeconomic fundamentals for expected … expectations regarding GDP growth, inflation, interest rates, and current accounts. Our empirical findings show that fundamentals … attention to expected fundamentals. Finally, we also observe that incorporating expected fundamentals tends to reduce forecast …

mechanism in foreign exchange markets. Therefore, we analyze the role of expectations regarding macroeconomic fundamentals for … fundamentals, which is not fully consistent with traditional fundamentals models. We especially highlight the relevance of the PPP …

This paper investigates the relationship between the euro-dollar exchange rate and its underlying fundamentals. First … of different regimes, and thus nonlinearities in the link between the exchange rate and its fundamentals. Second, we … are that different sets of macroeconomic fundamentals act as driving forces of the exchange rates during different time …

rates, i.e. we look for comovements of exchange rates which are stronger than implied by fundamentals. The results of the …

among fundamentals and exchange rates since the breakdown of BrettonWoods. Second, there are no recurring regimes, i ….e. across different regimes either the coefficient values for the same fundamentals differ or the significance differs. Third …, there is no regime in which no fundamentals enter. Fourth, the deviations resulting from the stepwise cointegrating …

among fundamentals and exchange rates since the breakdown of Bretton Woods. Second, there are no recurring regimes, i ….e. across different regimes either the coefficient values for the same fundamentals differ or the significance differs. Third …, there is no regime in which no fundamentals enter. Fourth, the deviations resulting from the stepwise cointegrating …