• Title of article

    Why is it so difficult to beat the random walk forecast of exchange rates?

  • Author/Authors

    Lutz Kilian، نويسنده , , Mark P. Taylor، نويسنده ,

  • Issue Information
    دوماهنامه با شماره پیاپی سال 2003
  • Pages
    23
  • From page
    85
  • To page
    107
  • Keywords
    Real exchange rate , Purchasing power parity , Economic models of exchangerate determination , Long-horizon regression tests , random walk
  • Journal title
    Journal of International Economics
  • Serial Year
    2003
  • Journal title
    Journal of International Economics
  • Record number

    135811