## 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
The effects of uncertainty on investment and the expected long-run capital stock
β Scribed by Andrew B. Abel
- Publisher
- Elsevier Science
- Year
- 1984
- Tongue
- English
- Weight
- 632 KB
- Volume
- 7
- Category
- Article
- ISSN
- 0165-1889
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