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- W2281407885 abstract "We identify a common factor driving a panel of fifteen monthly bilateral exchange rates against the U.S. dollar. We find this factor is closely related to U.S. nominal and real macroeconomic variables, financial market variables and commodity prices. Our results suggest this common factor is broadly related to the macroeconomic fundamentals in the Taylor rule and uncovered interest parity models. However, the set of fundamentals relevant to these models changes over time." @default.
- W2281407885 created "2016-06-24" @default.
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- W2281407885 date "2015-12-01" @default.
- W2281407885 modified "2023-09-27" @default.
- W2281407885 title "The Common Factor of Bilateral U.S. Exchange Rates: What is it Related to?" @default.
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