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 that there are long swings in exchange rate fluctuations

MoreLess

Year of publication:	2007
Authors:	Bask, Mikael
Publisher:	[S.l.] : SSRN
Subject:	Taylor-Regel \| Taylor rule \| Dynamisches Gleichgewicht \| Dynamic equilibrium \| Wechselkurs \| Exchange rate \| Chaostheorie \| Chaos theory \| Geldpolitik \| Monetary policy \| DSGE-Modell \| DSGE model

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Which error do you want to report?

Report: URL of this record is broken

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: Addition of an URL to that resource

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: The language(s) of that resource is/are…

Please note: Required language not in the list? Please use comment field

Report: Addition of an identifier to that resource

Report: report typo

Report: Add statement

Report: Add keywords

Please use the commentary box to describe other errors

Would you like to receive a feedback?

Commentary

Please type the code from the image

For general questions please use this address.

Persistent link: https://www.econbiz.de/10014222710