Fisher's open hypothesis suggests that changes in nominal interest rates correlate to changes in these quantities.
Meese and Rogoff published an article that finds random walk models of these quantities are as accurate as empirical models of them, such as the sticky-price one. Fisher's open hypothesis suggests that changes in nominal interest rates correlate to changes in these quantities. Rudi Dornbusch developed the overshooting model to explain the volatility of these quantities when the money supply increases or decreases. The theory of purchasing power parity seeks to normalize these quantities by following the law of one price. Undervaluation leads to an increase of these quantities, which bolsters economic growth. The Bretton Woods Conference set them by using the dollar as the standard of reference. For 10 points, name these quantities that relate the values of different currencies.
Meese and Rogoff published an article that finds random walk models of these quantities are as accurate as empirical models of them, such as the sticky-price one.
exchange rates