Read e-book online Demystifying the Meese-Rogoff Puzzle PDF

By I. Moosa,K. Burns

ISBN-10: 1137452471

ISBN-13: 9781137452474

ISBN-10: 1349497436

ISBN-13: 9781349497430

For the prior 30 years foreign financial economists have believed that trade fee types can't outperform the random stroll in out-of-sample forecasting because of the 1983 paper written by means of Richard Meese and Kenneth Rogoff.

Marking the fruits in their vast learn into the Meese-Rogoff puzzle, Moosa and Burns problem the orthodoxy via demonstrating that the naïve random stroll version could be outperformed by way of alternate price versions while forecasting accuracy is measured through metrics that don't count completely at the significance of forecasting blunders. The authors current compelling proof, supported via their very own degree: the 'adjusted root suggest sq. error', to ultimately resolve the Meese-Rogoff puzzle and supply a brand new alternative.

Demystifying the Meese-Rogoff Puzzle will attract lecturers with an curiosity in alternate cost economics and foreign financial economics. it's going to even be an invaluable source for imperative banks and monetary institutions.

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Demystifying the Meese-Rogoff Puzzle by I. Moosa,K. Burns

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