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The long-run impact of exchange rate regimes on international tourism flows

✍ Scribed by De Vita, Glauco

Book ID
124145902
Publisher
Elsevier Science
Year
2014
Tongue
English
Weight
357 KB
Volume
45
Category
Article
ISSN
0261-5177

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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