Selected course of the Kiel Institute Advanced Studies Program "Exchange-Rate Economics"
Exchange-Rate Economics - Lucio Sarno (City University, London) This five-day course provides an overview of selected topics in exchange rate economics. The topics covered include: (i) the interest rate parity conditions that underlie exchange rate economics, with a focus on understanding the foreign exchange risk premium; (ii) the behavior of the real exchange rate and deviations from purchasing power parity; (iii) the modeling of equilibrium real exchange rates, and exchange rate management through official foreign exchange market intervention; (iv) the relationship between the nominal exchange rate and economic fundamentals suggested by open-economy macroeconomic theory, with reference to in-sample modeling and out-of-sample forecasting of the exchange rate; (v) other approaches to explaining and forecasting exchange rates, including models exploiting the information in the term structure of forward premia and microstructural models based on order flow.
|Event dates:||2015-02-23 – 2015-02-27|
|Organizer:||Kiel Institute for the World Economy IfW|
|Conference venue:||Kiel, IfW|
|Classification:||E5 - Monetary Policy, Central Banking and the Supply of Money and Credit ; F4 - Macroeconomic Aspects of International Trade and Finance|
|Event type:||Seminare, Summer Schools, Symposien, Workshops; Seminars, Summer Schools, Symposiums, Workshops|