The monetary model of the exchange rate: long-run relationships, short-run dynamics and how to beat a random walk

作者: Ronald MacDonald , Mark P. Taylor

DOI: 10.1016/0261-5606(94)90029-9

关键词:

摘要: … sample period, using dynamic forecasts. We believe that this … to their failure to model the data dynamics adequately and in … model and, in particular, the model’s empirical validity. The …

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