Nonlinear Dynamics in Expectations : An Empirical Study

The paper investigates whether expectations data are consistent with nonlinear dynamics possibly involving deterministic chaos. Survey data on exchange rate expectations for four different currencies over one-week and one-month prediction horizons are considered. The evidence indicates that one cannot neglect the possibility of nonlinear dynamics underlying the erratic behaviour of expectation data, even though the evidence in that respect is not overwhelming

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Year of publication:	2000
Authors:	Resende, Marcelo
Publisher:	[S.l.] : SSRN
Subject:	Erwartungsbildung \| Expectation formation \| Welt \| World \| Chaostheorie \| Chaos theory \| Währungsderivat \| Currency derivative \| Yen \| Pfund Sterling \| Pound Sterling \| Schweizer Franken \| Swiss franc \| Deutsche Mark \| Nichtlineare Dynamik \| Nonlinear dynamics
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Bulletin of Economic Research, Vol. 52, Issue 2 Volltext nicht verfügbar
Classification:	F31 - Foreign Exchange
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014154303