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expectations. We provide ample anecdotal, historical, and heuristic information on the goodness-of-fit of the various exchange rate …
Persistent link: https://www.econbiz.de/10011343290
This paper analyzes the role of uncertainty on both exchange rate expectations and forecast errors of professionals for … the adjustment of exchange rate expectations. Our findings are robust to different forecasting horizons and point to an …
Persistent link: https://www.econbiz.de/10011532311
developments into account while expectations for minor currencies react stronger to response policies. …
Persistent link: https://www.econbiz.de/10012818059
This paper provides a new perspective on the exchange rate disconnect puzzle by referring to the expectations building … mechanism in foreign exchange markets. We analyze the role of expectations regarding macroeconomic fundamentals for expected … expectations regarding GDP growth, inflation, interest rates, and current accounts. Our empirical findings show that fundamentals …
Persistent link: https://www.econbiz.de/10012990178
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In this paper the author analyzes the behavior of exchange rates expectations for four currencies, by considering a re …-calculation and an extension of Resende and Zeidan (Expectations and chaotic dynamics: Empirical evidence on exchange rates, Economics … expectations, although the so-called 0-1 test strongly supports the chaos hypothesis. …
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