• Title of article

    Asymmetry in forward exchange rate bias: A puzzling result

  • Author/Authors

    Hua، نويسنده , , Zhang; Yangru، نويسنده , , Wu ، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 1996
  • Pages
    5
  • From page
    407
  • To page
    411
  • Abstract
    This paper tests an endogenous tariff model for Japan (1890–1970). Using a vector autoregression (VAR), I find that tariff changes are endogenous in the post-war period. Rather than being designed to promote economic activity, this suggests that tariffs respond to macroeconomic disturbances.
  • Keywords
    Unbiasedness hypothesis , Forward market efficiency
  • Journal title
    Economics Letters
  • Serial Year
    1996
  • Journal title
    Economics Letters
  • Record number

    434081