مرکز منطقه ای اطلاع رساني علوم و فناوري - Why is it so difficult to beat the random walk forecast of exchange rates?

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 :

From page :

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

Link To Document :