Arbeitspapier
Long swings and chaos in the exchange rate in a DSGE model with a Taylor rule
A DSGE model with a Taylor rule is augmented with an evolutionary switching between technical and fundamental analyses in currency trade, where the fractions of these trading tools are determined within the model. Then, a shock hits the economy. As a result, chaotic dynamics and long swings may occur in the exchange rate, which are appealing features of the model given existing empirical evidence on chaos and long swings in exchange rate fluctuations.
- ISBN
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978-952-462-387-2
- Language
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Englisch
- Bibliographic citation
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Series: Bank of Finland Research Discussion Papers ; No. 19/2007
- Classification
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Wirtschaft
Miscellaneous Mathematical Tools
Business Fluctuations; Cycles
Financial Markets and the Macroeconomy
Monetary Policy
Foreign Exchange
- Subject
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chaotic dynamics
foreign exchange
fundamental analysis
monetary policy
technical analysis
- Event
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Geistige Schöpfung
- (who)
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Bask, Mikael
- Event
-
Veröffentlichung
- (who)
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Bank of Finland
- (where)
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Helsinki
- (when)
-
2007
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Bask, Mikael
- Bank of Finland
Time of origin
- 2007
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