Applying a general equilibrium approach, this paper examines output fluctuations in Poland and finds that real output is negatively influenced by the deficit/GDP ratio, the euro interest rate, the expected inflation rate, and country risk and positively affected by real quantity of money and...

The purpose of this paper is to compare four major exchange rate models. Based on the value of adjusted R2, the uncovered interest parity model performs best, followed by the purchasing power parity model using the relative PPI, the Mundell-Fleming model, and the monetary model. The unexpected...