We use Bayesian additive regression trees (BART) to reexamine whether investments in precious metals are a hedge against exchange-rate movements. We control for the influence of stock-market fluctuations and other factors, we quantify the relative importance of several major exchange rates, and...

I use a real-time quantile-regression approach to analyze whether commodity prices have predictive value for movements of the Australian real effective exchange rate. To do so, I use a modified version of Frankel's (1986, 2008, 2014) and Frankel and Rose's (2010) model of commodity price...