Zhang, Yuchen; Hamori, Shigeyuki - In: Journal of risk and financial management : JRFM 13 (2020) 3/48, pp. 1-16
In 1983, Meese and Rogoff showed that traditional economic models developed since the 1970s do not perform better than the random walk in predicting out-of-sample exchange rates when using data obtained after the beginning of the floating rate system. Subsequently, whether traditional economical...
