NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Consumption and Real Exchange Rates in Professional Forecasts

Michael B. Devereux, Gregor W. Smith, James Yetman

NBER Working Paper No. 14795
Issued in March 2009

---- Acknowledgements -----

We thank the Social Sciences Research Council of Canada and the Bank of Canada research fellowship programme for support of this research. The opinions are the author's alone and are not those of the Bank of Canada or the Bank for International Settlements. We thank Rasool Zandvakil for skilled research assistance and seminar participants at the University of Washington, McGill University, the BIS, and the Bank of Korea for helpful comments. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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