Long : Horizon Exchange Rate Predictability? /
Several authors have recently investigated the predictability of exchange rates by fitting a sequence of long-horizon error-correction regressions. By considering the implied vector error-correction model, we show that little is to be gained from estimating such regressions for horizons greater than...
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| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
1997.
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| Colección: | IMF Working Papers; Working Paper ;
No. 1997/006 |
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| Acceso en línea: | Full text available on IMF |