Random Walk Expectations and the Forward Discount Puzzle
American Economic Review
vol. 97,
no. 2, May 2007
(pp. 346-350)
Citation
Bacchetta, Philippe, and Eric van Wincoop. 2007. "Random Walk Expectations and the Forward Discount Puzzle." American Economic Review, 97 (2): 346-350. DOI: 10.1257/aer.97.2.346JEL Classification
- E43 Interest Rates: Determination, Term Structure, and Effects
- F31 Foreign Exchange
- G15 International Financial Markets