Uncovered interest parity (UIP) has been almost universally rejected in studies of exchange rate movements. In contrast to previous ... We then use a macroeconomic model to explain the differences ...

Multiple economic factors influence interest rates. Three types of interest rates, including real, nominal, and effective affect consumers' borrowing and investment choices. The nominal interest ...

These types of questions are of great interest ... exchange rates—the rate prevailing in the foreign exchange market (using either the rate at the end of the period or an average over the period). The ...