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This paper provides a new perspective on the exchange rate disconnect puzzle by referring to the expectations building … mechanism in foreign exchange markets. Therefore, we analyze the role of expectations regarding macroeconomic fundamentals for … expected exchange rate changes. In doing so, we assess data for 31 economies from 2002 to 2017 and consider expectations …
Persistent link: https://www.econbiz.de/10012287905
This paper provides a new perspective on the exchange rate disconnect puzzle by referring to the expectations building … 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 …
Persistent link: https://www.econbiz.de/10012939153
developments into account while expectations for minor currencies react stronger to response policies. …
Persistent link: https://www.econbiz.de/10012803887
developments into account while expectations for minor currencies react stronger to response policies. …
Persistent link: https://www.econbiz.de/10012818059
This paper provides a new perspective on the exchange rate disconnect puzzle by referring to the expectations building … 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 …
Persistent link: https://www.econbiz.de/10012990178
This paper provides a new perspective on the exchange rate disconnect puzzle by referring to the expectations building … mechanism in foreign exchange markets. Therefore, we analyze the role of expectations regarding macroeconomic fundamentals for … expected exchange rate changes. In doing so, we assess data for 31 economies from 2002 to 2017 and consider expectations …
Persistent link: https://www.econbiz.de/10012435503
question analysed in this paper. In contrast to other studies we use expectations data instead of observable variables …. Therefore we analyse the implicit structural models forecasters have in mind when forming their exchange rate expectations. The … models using the categorical expectations data of the ZEW financial market survey. The expectation variables used to explain …
Persistent link: https://www.econbiz.de/10010297610
question analysed in this paper. In contrast to other studies we use expectations data instead of observable variables …. Therefore we analyse the implicit structural models forecasters have in mind when forming their exchange rate expectations. The … models using the categorical expectations data of the ZEW financial market survey. The expectation variables used to explain …
Persistent link: https://www.econbiz.de/10011442397
question analysed in this apper. In contrast to other studies we use expectations instead of realised data. Therefore we … analyse the implicit structural models forecasters have in mind when forming their exchange rate expectations. Using expected … short- and long-term interest rates and business expectations as explanatory variables we estimate latent structural models …
Persistent link: https://www.econbiz.de/10011543374
question analysed in this paper. In contrast to other studies we use expectations data instead of observable variables …. Therefore we analyse the implicit structural models forecasters have in mind when forming their exchange rate expectations. The … models using the categorical expectations data of the ZEW financial market survey. The expectation variables used to explain …
Persistent link: https://www.econbiz.de/10005097530