Multihorizon Currency Returns and Purchasing Power Parity
收藏NBER2018-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24563
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资源简介：
Exposures of expected future depreciation rates to the current interest rate differential violate the UIP hypothesis in a distinctive pattern that is a non-monotonic function of horizon. Conversely, forward, or risk-adjusted expected depreciation rates are monotonic. We explain the two patterns
提供机构：
美国国家经济研究局
创建时间：
2018-04-01
