Exchange rate puzzles and dilemmas: how can policymakers respond?

Diwa C Guinigundo
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Diwa C Guinigundo: Bangko Sentral ng Pilipinas

A chapter in The price, real and financial effects of exchange rates, 2018, vol. 96, pp 133-143 from Bank for International Settlements

Abstract: Since Meese and Rogoff (1983) introduced what is known as the exchange rate disconnect puzzle, which underscores the weak connection between exchange rate and virtually all macroeconomic aggregates, significant research has been devoted to the subject to improve both academics’ and policymakers’ understanding of exchange rates.

Date: 2018
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