𝔖 Bobbio Scriptorium
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Modelling the Long–run Real Effective Exchange Rate of the New Zealand Dollar

✍ Scribed by Ronald MacDonald


Book ID
108521954
Publisher
John Wiley and Sons
Year
2002
Tongue
English
Weight
369 KB
Volume
41
Category
Article
ISSN
0004-900X

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## ABSTRACT We examine consistency properties of the exchange rate expectation formation process of short‐run and long‐run forecasts in the dollar/euro and yen/dollar market. Applying nonlinear consistency restrictions we show that in a simple expectation formation structure short‐run forecasts are