Cheung, Yin-Wong; Chinn, Menzie; Garcia Pascual, Antonio - Santa Cruz Institute for International Economics … - 2003
Previous assessments of forecasting performance of exchange rate models have focused upon a narrow set of models typically of the 1970’s vintage. The canonical papers in this literature are by Meese and Rogoff (1983, 1988), who examined monetary and portfolio balance models. Succeeding...