Rational Inattention: A Solution to the Forward Discount Puzzle
收藏NBER2005-09-01 更新2025-01-04 收录
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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
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美国国家经济研究局创建时间：
2005-09-01
