Region Focus

Winter 2006

Currency Conundrum

Why Are Exchange Rates Out of Sync With Other Economic Indicators?
By Doug Campbell

Related Links

Baxter, Marianne, and Alan C. Stockman. “Business Cycles and the Exchange Rate System: Some International Evidence.” National Bureau of Economic Research Working Paper no. 2689, August 1988.

Duarte, Margarida. “Why Don’t Macroeconomic Quantities Respond to Exchange Rate Variability?” Journal of Monetary Economics, May 2003, vol. 50, no. 1, pp. 889-913.

Duarte , Margarida, and Alan C. Stockman. “Rational Speculation and Exchange Rates.” Journal of Monetary Economics, January 2005, vol. 52, no. 1, pp. 3-29.

Meese, Richard, and Kenneth Rogoff. “Empirical Exchange Rate Models of the Seventies: Do They Fit Out of Sample?” Journal of International Economics, February 1983, vol. 14, nos. 1-2, pp. 3-24.

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