Taylor Rules and the Deutschmark-Dollar Real Exchange Rate

By Charles M. Engel, Ken West. 2006

253 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Exchange rate predictability in a changing world (2014, unknown): “In this sense, our study extends the results in these papers, including Engel et al. (2008), Engel and West (2005, 2006), Molodtsova and Papell (2009), Rogoff and Stavrakeva (2008).5 4Although in principle forecasting in a rolling regression scheme allows for parameters to change over time, a TVP…”
Exchange Rates and Fundamentals: Footloose or Evolving Relationship? (2009, background): “While the price level could be thought of as a function of the monetary fundamentals used in this paper, in ation could move in a di¤erent way than the level and be linked to exchange rate uctuations via central banks reaction functions (e.g., Engel and West, 2006).”
Exchange Rate Predictability (2013, unknown): “Engel and West (2006) calibrate the model in-sample for real exchange rates and nd a correlation of 0.5 between tted and realized real exchange rates.”