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SHORT-RUN AND LONG-RUN IMPLICATIONS OF ENVIRONMENTAL REGULATION ON FINANCIAL PERFORMANCE

✍ Scribed by DYLAN G. RASSIER; DIETRICH EARNHART

Book ID
110929437
Publisher
Oxford University Press
Year
2010
Tongue
English
Weight
554 KB
Volume
29
Category
Article
ISSN
1074-3529

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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