Robert M. La Follette School of Public Affairs

Nonlinearities, Business Cycles and Exchange Rates

The paper brings together the literature on exchange rate models and monetary policy models, with special reference to the importance of output, inflation gaps and exchange rate targets. It focuses on the dollar/euro exchange rate, and the differential results arising from using alternative measures of the output gap for the United States and the euro region.

Additional Info

  • Volume or issue no.: La Follette School Working Paper No. 2008-015
  • Author(s): Menzie D. Chinn