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Exchange Rates in Search of Fundamentals: The Case of the Euro–Dollar Rate

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  • Paul De Grauwe

Abstract

The following sections are included:IntroductionExchange Rate Models: Theory and Empirical EvidenceA Case Study: The Euro–dollar Rate During 1999–2000 and the FundamentalsThe Exchange Rates in Search of FundamentalsExchange Rates and Stock PricesSome Additional EvidenceImplications for Monetary Policies and for the Future of the EuroConclusionReferences
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  • Paul De Grauwe, 2000. "Exchange Rates in Search of Fundamentals: The Case of the Euro–Dollar Rate," International Finance, Wiley Blackwell, vol. 3(3), pages 329-356, November.
    • Handle: RePEc:bla:intfin:v:3:y:2000:i:3:p:329-356
    DOI: 10.1111/1468-2362.00055
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    1. Svensson, Lars E. O., 1999. "Inflation targeting as a monetary policy rule," Journal of Monetary Economics, Elsevier, vol. 43(3), pages 607-654, June.
    2. Christiano, Lawrence J. & Eichenbaum, Martin & Evans, Charles L., 1999. "Monetary policy shocks: What have we learned and to what end?," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 2, pages 65-148, Elsevier.
    3. Grilli, Vittorio & Roubini, Nouriel, 1996. "Liquidity models in open economies: Theory and empirical evidence," European Economic Review, Elsevier, vol. 40(3-5), pages 847-859, April.
    4. Meese, Richard A. & Rogoff, Kenneth, 1983. "Empirical exchange rate models of the seventies : Do they fit out of sample?," Journal of International Economics, Elsevier, vol. 14(1-2), pages 3-24, February.
    5. Maurice Obstfeld & Kenneth Rogoff, 2001. "The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?," NBER Chapters, in: NBER Macroeconomics Annual 2000, Volume 15, pages 339-412, National Bureau of Economic Research, Inc.
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    More about this item

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission

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