Exchange Rates and Fundamentals in the Short and Long Runs
β Scribed by Steven Husted
- Book ID
- 108522080
- Publisher
- John Wiley and Sons
- Year
- 1999
- Tongue
- English
- Weight
- 28 KB
- Volume
- 32
- Category
- Article
- ISSN
- 0004-9018
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
## ABSTRACT We examine consistency properties of the exchange rate expectation formation process of shortβrun and longβrun forecasts in the dollar/euro and yen/dollar market. Applying nonlinear consistency restrictions we show that in a simple expectation formation structure shortβrun forecasts are
## Abstract In this paper we analyse the longβrun proportionality and neutrality propositions between inflation and money growth and between exchange rate changes and money growth. Using a sample of 100 countries over a thirtyβyear period we find that the evidence in favour of these propositions is