Empirical Modeling of Exchange Rate Dynamics by Francis X. Diebold

Empirical Modeling of Exchange Rate Dynamics

Lecture Notes in Economic and Mathematical Systems

Francis X. Diebold

143 pages missing pub info (editions)

nonfiction business economics medium-paced
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Structural exchange rate modeling has proven extremely difficult during the recent post-1973 float. The disappointment climaxed with the papers of Meese and Rogoff (1983a, 1983b), who showed that a "naive" random walk model distinctly dominated re...

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