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Subject
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Social and Behavioral Sciences 1 exchange rates 1 forward arbitrage 1 forward bias 1 gold standard 1 interest rates 1 rational expectations 1 risk premia 1 uncovered and covered interest parity 1
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Free 1
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Book / Working Paper 1
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Undetermined 1
Author
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Pippenger, John 1
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Department of Economics, University of California-Santa Barbara (UCSB) 1
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University of California at Santa Barbara, Economics Working Paper Series 1
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RePEc 1
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THE FAILURE OF UNCOVERED INTEREST PARITY, FORWARD BIAS AND RELATED PUZZLES
Pippenger, John - Department of Economics, University of California-Santa … - 2013
Three puzzles are closely related to the forward-bias puzzle and the failure of uncovered interest parity: (1) UIP failure is greater for short than long maturities, (2) forward bias is larger between developed than between developing countries and (3) there is no systematic forward bias in...
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