- New releases
- Statistical data
- IMF research
- How to order
- Contact us
- Useful links
In Which Exchange Rate Models Do Forecasters Trust?
Author/Editor: David Hauner, Jaewoo Lee, H. Takizawa
Release Date: © May, 2011
ISBN : 978-1-45526-239-7
Stock #: WPIEA2011116
Stock Status: On back-order
Languages and formats available
Using survey data of market expectations, we ask which popular exchange rate models appear to be consistent with expectation formation of market forecasters. Exchange rate expectations are found to be correlated with inflation differentials and productivity differentials, indicating that the relative PPP and Balassa-Samuelson effect are common inputs into expectation formation of market forecasters.
More publications in this series: Working Papers