quarterly Brent crude oil price forecasts. We examine the expectations building mechanism by referring to the processing of …

quarterly Brent crude oil price forecasts. We examine the expectations building mechanism by referring to the processing of …

behavioralassumptions: (i) herd behaviour; (ii) a-synchronous updating ofbeliefs; and (iii) heterogeneity in time horizons (memory …,1$) innovations, and predicts a relation between the ARCH and GARCH coefficients. Heterogeneity in memory leads to long …

behavioralassumptions: (i) herd behaviour; (ii) a-synchronous updating ofbeliefs; and (iii) heterogeneity in time horizons (memory …,1$) innovations, and predicts a relation between the ARCH and GARCH coefficients. Heterogeneity in memory leads to long …

behavioral assumptions: (i) herd behaviour; (ii) a-synchronous updating of beliefs; and (iii) heterogeneity in time horizons … returns with GARCH($1,1$) innovations, and predicts a relation between the ARCH and GARCH coefficients. Heterogeneity in …

heterogeneity in the speed of mean reversion across real exchange rates into account. We compare the performance of homogeneous and …

apply a recursive selection and estimation algorithm to a dataset of surveyed foreign exchange market expectations … expectations. Fundamentalists are found to have mean-reverting expectations whereas chartists have contrarian expectations …

behavioralassumptions: (i) herd behaviour; (ii) a-synchronous updating ofbeliefs; and (iii) heterogeneity in time horizons (memory …,1$) innovations, and predicts a relation between the ARCH and GARCH coefficients. Heterogeneity in memory leads to long …