Fritsche, Ulrich; Pierdzioch, Christian; Ruelke, … - Fachbereich Sozialökonomie, Universität Hamburg - 2012
/dollar exchange rate, we found that the shape of the loss function varies across forecasters. Our empirical results suggest that it is … one seeks to analyze whether forecasters form exchange rate forecasts under an asymmetric loss function. …Based on the approach advanced by Elliott et al. (Rev. Ec. Studies. 72, 1197-1125,2005), we analyzed whether the loss …