Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212077 
Authors: 
Year of Publication: 
2007
Series/Report no.: 
Bank of Finland Research Discussion Papers No. 19/2007
Publisher: 
Bank of Finland, Helsinki
Abstract: 
A DSGE model with a Taylor rule is augmented with an evolutionary switching between technical and fundamental analyses in currency trade, where the fractions of these trading tools are determined within the model. Then, a shock hits the economy. As a result, chaotic dynamics and long swings may occur in the exchange rate, which are appealing features of the model given existing empirical evidence on chaos and long swings in exchange rate fluctuations.
Subjects: 
chaotic dynamics
foreign exchange
fundamental analysis
monetary policy
technical analysis
JEL: 
C65
E32
E44
E52
F31
Persistent Identifier of the first edition: 
ISBN: 
978-952-462-387-2
Document Type: 
Working Paper

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