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We address the exchange rate determination puzzle by examining how information is aggregated in a dynamic general equilibrium (DGE) setting. Unlike other DGE macro models, which enrich either preference structures or production structures, our model enriches the information structure. The model...
Persistent link: https://www.econbiz.de/10012785783
This paper compares the true, ex-ante forecasting performance of a micro-based model against both a standard macro model and a random walk. In contrast to existing literature, which is focused on longer horizon forecasting, we examine forecasting over horizons from one day to one month (the...
Persistent link: https://www.econbiz.de/10012467645
We address the exchange rate determination puzzle by examining how information is aggregated in a dynamic general equilibrium (DGE) setting. Unlike other DGE macro models, which enrich either preference structures or production structures, our model enriches the information structure. The model...
Persistent link: https://www.econbiz.de/10012468314
Persistent link: https://www.econbiz.de/10003335864
Persistent link: https://www.econbiz.de/10003335868
Persistent link: https://www.econbiz.de/10003214106
Persistent link: https://www.econbiz.de/10002555997
Persistent link: https://www.econbiz.de/10002001175
This paper compares the true, ex-ante forecasting performance of a micro-based model against both a standard macro model and a random walk. In contrast to existing literature, which is focused on longer horizon forecasting, we examine forecasting over horizons from one day to one month (the...
Persistent link: https://www.econbiz.de/10013243968
This paper compares the true, ex-ante forecasting performance of a micro-based model against both a standard macro model and a random walk. In contrast to existing literature, which is focused on longer horizon forecasting, we examine forecasting over horizons from one day to one month (the...
Persistent link: https://www.econbiz.de/10014067648