The Meese-Rogoff Puzzle: What Puzzle?
The Messe-Rogoff puzzle has been a debatable topic since 1983 when Richard Meese and Kenneth Rogoff demonstrated that no exchange rate model can outperform the random walk in out-of-sample forecasting. This finding been taken to imply the weakness of international economics and finance and raised th...
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| Format: | Book Chapter |
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Nova Science Publishers
2015
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| Online Access: | http://hdl.handle.net/20.500.11937/10817 |