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Expectation formation in the foreign exchange market: a time-varying heterogeneity approach using survey data
Prat, Georges; Uctum, Remzi - Institut de Préparation à l'Administration et à la … - 2014
Abstract. Using Consensus Economics survey data on JPY/USD and GBP/USD exchange rate expectations for the 3- and 12-month horizons over the period November 1989 – December 2012 we first show that expectations fail to unbiasedness tests and do not exhibit a learning process towards rationality....
Persistent link: https://www.econbiz.de/10010764038
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Expectation formation in the foreign exchange market: a time-varying heterogeneity approach using survey data
Prat, Georges; Uctum, Remzi - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2014
Using Consensus Economics survey data on JPY/USD and GBP/USD exchange rate expectations for the 3- and 12-month horizons over the period November 1989 – December 2012 we first show that expectations fail to unbiasedness tests and do not exhibit a learning process towards rationality. Our...
Persistent link: https://www.econbiz.de/10010896309
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Do markets learn to rationally expect US interest rates? : evidence from survey data
Prat, Georges; Uctum, Remzi - 2016
Persistent link: https://www.econbiz.de/10011736889
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Do markets learn to rationally expect US interest rates? : an anchoring approach
Prat, Georges; Uctum, Remzi - In: Applied economics 50 (2018) 59, pp. 6458-6480
Persistent link: https://www.econbiz.de/10012063437