On the Consistency of Short-run and Long-run Exchange Rate Expectations
收藏NBER1988-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2577
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资源简介：
This paper examines whether short-term exchange rate expectations move "too much" by comparing them with long-term expectations. We develop a set of nonlinear restrictions linking expectations at different forecast horizons. The restrictions impose consistency, a property weaker than rationality. We
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美国国家经济研究局创建时间：
1988-05-01
