--- dataset_info: features: - name: date dtype: timestamp[ns] - name: close dtype: float64 - name: high dtype: float64 - name: low dtype: float64 - name: open dtype: fl

Hugging Face2024-09-20 更新80

Random Walk Expectations and the Forward Discount Puzzle

外汇预测

利率差异

Two well-known, but seemingly contradictory, features of exchange rates are that they are close to a random walk while at the same time exchange rate changes are predictable by interest rate different

NBER2007-06-01 更新50

The Term Structure of Forward Exchange Premia and the Forecastibility of Spot Exchange Rates: Correcting the Errors

外汇预测

远期汇率溢价

We present theory and evidence that challenges the view that forward premia contain little information regarding subsequent spot rate movements. Using weekly dollar-mark and dollar sterling data, we f

NBER1993-08-01 更新80

The Out-of-Sample Success of Term Structure Models as Exchange Rate Predictors: A Step Beyond

外汇预测

期限结构

A large literature suggests that standard exchange rate models cannot outperform a random walk forecast and that the forward rate is not an optimal predictor of the spot rate. However, there is eviden

NBER2001-11-01 更新50