Order Flow and Exchange Rate Dynamics
收藏NBER1999-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7317
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资源简介：
Macroeconomic models of nominal exchange rates perform poorly. In sample, R2 statistics as high as 10 percent are rare. Out of sample, these models are typically out-forecast by a nave random walk. This paper presents a model of a new kind. Instead of relying exclusively on macroeconomic
提供机构：
美国国家经济研究局
创建时间：
1999-08-01
