Limited participation and exchange rate dynamics: does theory meet the data ?
Meese and Rogoff [1983] show that macroeconomic models of the Seventies fail to outperform the random walk exchange rate forecasts. Macroeconomics thus provides useless information as far as out-of-sample exchange rate forecasting is concerned. However, since Meese and Rogoff's seminal paper, a...
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| Main Author: |
Sopraseuth, Thepthida
Karamé, Frédéric Patureau, Lise |
|---|---|
| Format: | Paper |
| Language: | English |
| Place of publication: |
01.10.2003 |
| Related: |
Université Panthéon-Sorbonne (Paris 1) |
| Data of publication: | 2003/10 |
| Series: |
Cahiers de la Maison des Sciences Economiques |
| Subjects: | |
| Online Access: | available in Bonn? |
| Database: | RePEc RePEc IDEAS Database information Databases - DBIS |