๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Cointegration and direct tests of the rational expectations hypothesis

โœ Scribed by McAleer, Michael; McKenzie, C.R; Hashem Pesaran, M.


Book ID
111863654
Publisher
Taylor and Francis Group
Year
1994
Tongue
English
Weight
809 KB
Volume
13
Category
Article
ISSN
0747-4938

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## PREVIOUS TESTS OF THE UNBIASED EXPECTATIONS HYPOTHESIS Price dynamics in the metals markets are not characterized by seasonalities in supply and metals can be stored indefinitely with relatively stable storage costs. Despite these convenient features of the data, previous empirical tests of the