global structural models

Publication date: 4 May 2018 | Publication type: National Institute Economic Review | Theme: Macroeconomics | External authors: Haincourt, S | JEL classification: F41, E27 | Journal: National Institute Economic Review Issue 244 | Publisher: Sage Publications, London
Exchange rate fluctuations have been particularly large since mid-2014, displaying divergent developments across the period. The nominal effective exchange rate of the dollar has appreciated by 15 per cent since June 2014, masking a 25 per cent appreciation to December 2016 followed by a...