Long swings and chaos in the exchange rate in a DSGE model with a Taylor rule

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dc.contributor Suomen Pankki
dc.contributor.author Bask, Mikael
dc.date.accessioned 2014-09-22T07:58:30Z
dc.date.available 2014-09-22T07:58:30Z
dc.date.issued 2007
dc.identifier.isbn 978-952-462-386-5
dc.identifier.isbn 978-952-462-387-2
dc.identifier.issn 1456-6184
dc.identifier.uri https://helda.helsinki.fi/bof/handle/123456789/7664
dc.description.abstract 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. Keywords: chaotic dynamics, foreign exchange, fundamental analysis, monetary policy, technical analysis JEL classification numbers: C65, E32, E44, E52, F31
dc.format.extent 26 s.
dc.language.iso eng
dc.relation.ispartofseries Bank of Finland Research Discussion Papers
dc.rights https://helda.helsinki.fi/bof/copyright
dc.subject rahapolitiikka
dc.subject säännöt
dc.subject korot
dc.subject avoin talous
dc.subject mallit
dc.subject valuuttakurssit
dc.subject valuuttakauppa
dc.subject valuuttamarkkinat
dc.subject DSGE
dc.subject SP
dc.subject RP
dc.title Long swings and chaos in the exchange rate in a DSGE model with a Taylor rule
dc.type Sarjajulkaisu
dc.identifier.urn URN:NBN:fi:bof-20140807432
dc.subject.jel C65
dc.subject.jel E32
dc.subject.jel E44
dc.subject.jel E52
dc.subject.jel F31
dc.series.name Bank of Finland Research Discussion Papers
dc.series.year 2007
dc.series.number 19/2007
dc.series.sortingnumber 0019
dc.date.publication 1.7.2007

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