An auxiliary regression refers to a regression that is used:
A. when the dependent variables are qualitative in nature.
B. when the independent variables are qualitative in nature.
C. to compute a test statistic but whose coefficients are not of direct interest.
D. to compute coefficients which are of direct interest in the analysis.
Answer: C
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What factors are most important for determining exchange rate fluctuations in the long run?
A) preferences for domestic and foreign goods across countries B) relative rates of productivity growth across countries C) relative price levels across countries D) All of the above are correct.
A central bank's international reserves consists of its holdings of
A) gold. B) silver and gold. C) foreign assets and gold. D) domestic assets and precious metals. E) foreign and domestic currency holdings.