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...
| প্রধান লেখক: | |
|---|---|
| অন্যান্য লেখক: | |
| বিন্যাস: | পত্রিকা |
| ভাষা: | English |
| প্রকাশিত: |
Washington, D.C. :
International Monetary Fund,
1999.
|
| মালা: | IMF Working Papers; Working Paper ;
No. 1999/071 |
| অনলাইন ব্যবহার করুন: | Full text available on IMF |