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1998-01-21Buch DOI: 10.18452/3706
The Monetary Model of the Exchange Rate
dc.contributor.authorMoersch, Mathias
dc.contributor.authorNautz, Dieter
dc.date.accessioned2017-06-15T21:51:47Z
dc.date.available2017-06-15T21:51:47Z
dc.date.created2006-01-20
dc.date.issued1998-01-21
dc.identifier.issn1436-1086
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4358
dc.description.abstractWe emphasize the importance of properly identifying the long-run relations underlying the monetary model of the exchange rate. The separate estimation of long-run money demands leads to a “structural” error correction equation which allows an interpretation of the various channels affecting the exchange rate in the monetary model. We apply this approach to the analysis of the DM/Dollar exchange rate where the structural model yields better results than various alternative forecast strategies, among them a random walk.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.subject.ddc330 Wirtschaft
dc.titleThe Monetary Model of the Exchange Rate
dc.typebook
dc.subtitleA Structural Interpretation
dc.identifier.urnurn:nbn:de:kobv:11-10056404
dc.identifier.doihttp://dx.doi.org/10.18452/3706
dc.subject.dnb17 Wirtschaft
local.edoc.container-titleSonderforschungsbereich 373: Quantification and Simulation of Economic Processes
local.edoc.pages17
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume1998
local.edoc.container-issue6
local.edoc.container-year1998
local.edoc.container-erstkatid2135319-0

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