Rational expectations in the foreign exchange market? Some survey evidence

Applied Economics

Volumn 28, Issue 12, 1996, Pages 1601-1611

  Sobiechowski, David ^a  

^a WAYNE STATE UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0039937977     PISSN: 00036846     EISSN: None     Source Type: Journal    
DOI: 10.1080/000368496327570     Document Type: Article

References (14)

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3. Frankel, J. A. and Froot, K. A. (1987) Using survey data to test propositions regarding exchange rate expectations, American Economic Review, 77, 133-53.
4. Frankel, J. A. and Froot, K. A. (1991) Exchange Rate Forecasting Techniques, Survey Data, and Implications for the Foreign Exchange Market, University of California at Berkeley Working Paper No. 91-158.
5. Frankel, J. A. and Chinn, M. (1991a) Exchange rate expectations and the risk premium: tests for a cross section of 17 currencies, NBER Working Paper 3806.
6. Frankel, J. A. and Chinn, M. (1991b) Are Exchange Rate Expectations Biased? Tests for a Cross section of 25 Currencies, NBER Working Paper 3807.
7. Froot, K. A. and Frankel, J. A. (1989) Forward discount bias: is it an exchange risk premium? Quarterly Journal of Economics, 104, 139-61.
8. Hansen, L. P. and Hodrick, R. J. (1980) Forward exchange rates as optimal predictors of future spot rates: an econometric analysis, Journal of Political Economy, 88, 829-53.
9. Hansen, L. P. (1982) Large sample properties of generalized method of moments estimators, Econometrica, 50, 1029-53.
10. Ito, T. (1990) Foreign exchange rate expectations: micro survey data, American Economic Review, 80, 434-49.
11. Kementa, J. (1986) Elements of Econometrics, 2nd edn, Macmillan Publishing Company, New York.
12. MacDonald, R. and Torrance, T. S. (1989) Some survey-based tests of uncovered interest parity, in Exchange Rates and Open Economy Macroeconomics, ed. R. MacDonald and M. P. Taylor, B. Blackwell, Oxford and New York.
13. Meese, R. and Rogoff, K. (1983) Empirical Exchange Rate Models of the Seventies: Do they fit out of sample? Journal of International Economics, 14 3-24.
14. Takagi, S. (1991) Exchange rate expectations: a survey of survey studies, IMF Staff Papers, 38, 156-83.