-term fundamentals are in line with the theory. We conclude that the decline in the equilibrium real exchange rate in the last two … decades is due to the movement of its fundamentals. …

commodity prices. These investors are viewed by some as being less concerned with fundamentals than traditional market …

-regional exports and the economy's consumption. Furthermore, we found that the elasticities of RER to its long-term fundamentals lie in … movement of its fundamentals. …

fundamentals to rationalize the pricing of currencies, which are partly driven by unobservable shocks. Using novel survey data …

This paper investigates fundamentals-based exchange rate predictability from a different perspective. We focus on …. Having used a nonparametric approach to identify swings in exchange rates, we examine the links between fundamentals and …, and our empirical evidence suggests that the uncovered interest parity fundamentals and Taylor rule model with interest …

fundamentals to rationalize the pricing of currencies, which are partly driven by unobservable shocks. Using novel survey data …