Existing literature has relied on economic fundamentals (EFs) to determine commodity price booms and busts, This framework has been unable to account for major economic non-fundamentals (ENFs), This study takes a broader view of major ENFs that expands beyond the traditional demand and supply...

We estimate a model for exchange rate dynamics when expectations present higher order beliefs. A structural macro model for exchange rates is proposed where agents form their one-step-ahead predictions under a Bayesian learning process and in which aggregation of their choices is considered into...