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If exchange rates are random walks, then almost everything we say about monetary policy is wrong
Alvarez, Fernando
;
Atkeson, Andrew
;
Kehoe, Patrick J.
- In:
The American economic review
97
(
2007
)
2
,
pp. 339-345
Persistent link: https://www.econbiz.de/10003502073
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2
Random
walk
expectations and the forward discount puzzle
Bacchetta, Philippe
;
Van Wincoop, Eric
- In:
The American economic review
97
(
2007
)
2
,
pp. 346-350
Persistent link: https://www.econbiz.de/10003502082
Saved in:
3
Accounting for exchange-rate variability in present-value models when the discount factor is near 1
Engel, Charles
;
West, Kenneth D.
- In:
The American economic review
94
(
2004
)
2
,
pp. 119-125
Persistent link: https://www.econbiz.de/10002159518
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