A Reconsideration of the Meese-Rogoff Puzzle – Alternative Approaches to Model Estimation and Forecast Evaluation
This study revisits the Meese-Rogoff puzzle by estimating the traditional monetary models of exchange rate determination in state-space form and comparing the accuracy of these forecasts against the naïve random walk model using a wide range of conventional and alternative measures of forecasting ac...
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| Format: | Journal Article |
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Multinational Finance Society
2016
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| Online Access: | http://hdl.handle.net/20.500.11937/74380 |