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
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