Rational Inattention: A Solution to the Forward Discount Puzzle
收藏NBER2005-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w11633
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资源简介：
The uncovered interest rate parity equation is the cornerstone of most models in international macro. However, this equation does not hold empirically since the forward discount, or interest rate differential, is negatively related to the subsequent change in the exchange rate. This forward discount
提供机构：
美国国家经济研究局
创建时间：
2005-09-01
