Excess Volatility and the Asset-Pricing Exchange Rate Model with Unobservable Fundamentals /
This paper presents a method to test the volatility predictions of the textbook asset-pricing exchange rate model, which imposes minimal structure on the data and does not commit to a choice of exchange rate 'fundamentals.' Our method builds on existing tests of excess volatility in asset...
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| Fformat: | Cylchgrawn |
| Iaith: | English |
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Washington, D.C. :
International Monetary Fund,
1999.
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| Cyfres: | IMF Working Papers; Working Paper ;
No. 1999/071 |
| Mynediad Ar-lein: | Full text available on IMF |