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The study analyses the characteristics of professional exchange rate forecasts for the € /US-$ rate. The results indicate that the quality of forecasts produced by professional economists is rather poor and incompatible with the rational expectations hypothesis. This dismal result is according...
Persistent link: https://www.econbiz.de/10010498977
Persistent link: https://www.econbiz.de/10009232833
Within this paper we specify a symmetric two country model for the euro area to evaluate monetary and fiscal policy …
Persistent link: https://www.econbiz.de/10002462019