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Hardcover Demystifying the Meese-Rogoff Puzzle Book
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ISBN: 1137452471

ISBN13: 9781137452474

Demystifying the Meese-Rogoff Puzzle

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For the past 30 years international monetary economists have believed that exchange rate models cannot outperform the random walk in out-of-sample forecasting as a result of the 1983 paper written by Richard Meese and Kenneth Rogoff. Marking the culmination of their extensive research into the Meese-Rogoff puzzle, Moosa and Burns challenge the orthodoxy by demonstrating that the na ve random walk model can be outperformed by exchange rate models when...

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Format: Hardcover

Condition: New

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