Exchange Rates and Monetary Fundamentals: What Do We Learn from Linear and Nonlinear Regressions?
نویسندگان
چکیده
منابع مشابه
How Well Do Monetary Fundamentals Forecast Exchange Rates?
For many years after the seminal work of the Meese and Rogoff (1983a), conventional wisdom held that exchange rates could not be forecast from monetary fundamentals. Monetary models of exchange rate determination were generally unable to beat even a naïve no-change model in out-of-sample forecasting. More recently, the use of sophisticated econometric techniques, panel data, and long spans of d...
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ژورنال
عنوان ژورنال: Economics Research International
سال: 2014
ISSN: 2090-2123,2090-2131
DOI: 10.1155/2014/746956