Demystifying the Meese-Rogoff Puzzle
For the past 30 years international monetary economists have believed that exchange rate models cannot outperform the random walk in out-of-sample forecasting as a result of the 1983 paper written by Richard Meese and Kenneth Rogoff. Marking the culmination of their extensive research into the Meese...
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| Format: | Book |
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Palgrave Macmillan
2015
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| Online Access: | http://hdl.handle.net/20.500.11937/34898 |