The Perpetual Peace Puzzle
نویسندگان
چکیده
منابع مشابه
Can Perpetual Learning Explain the Forward Premium Puzzle?∗
Under rational expectations and risk neutrality the linear projection of exchange rate change on the forward premium has a unit coefficient. However, empirical estimates of this coefficient are significantly less than one and often negative. We investigate whether replacing rational expectations by discounted least squares (or “perpetual”) learning can explain the result. We calculate the asymp...
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ژورنال
عنوان ژورنال: Philosophy & Social Criticism
سال: 2016
ISSN: 0191-4537,1461-734X
DOI: 10.1177/0191453716680128