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How Much are Exchange Rate Forecasts Worth?

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  • M. Manzur

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  • M. Manzur, 1987. "How Much are Exchange Rate Forecasts Worth?," Economics Discussion / Working Papers 87-01, The University of Western Australia, Department of Economics.
    • Handle: RePEc:uwa:wpaper:87-01
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    File URL: https://ecompapers.biz.uwa.edu.au/paper/PDF%20of%20Discussion%20Papers/1987/87-01.pdf
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    References listed on IDEAS

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    1. Hansen, Lars Peter & Hodrick, Robert J, 1980. "Forward Exchange Rates as Optimal Predictors of Future Spot Rates: An Econometric Analysis," Journal of Political Economy, University of Chicago Press, vol. 88(5), pages 829-853, October.
    2. Hakkio, Craig, 1986. "Does the exchange rate follow a random walk? A Monte Carlo study of four tests for a random walk," Journal of International Money and Finance, Elsevier, vol. 5(2), pages 221-229, June.
    3. Unknown, 1986. "Letters," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 1(4), pages 1-9.
    4. Philip W. Lowe & Robert G. Trevor, 1986. "The Performance of Exchange Rate Forecasts," RBA Research Discussion Papers rdp8609, Reserve Bank of Australia.
    5. Dominguez, Kathryn M., 1986. "Are foreign exchange forecasts rational? : New evidence from survey data," Economics Letters, Elsevier, vol. 21(3), pages 277-281.
    6. Fama, Eugene F, 1970. "Efficient Capital Markets: A Review of Theory and Empirical Work," Journal of Finance, American Finance Association, vol. 25(2), pages 383-417, May.
    7. Nelson, Charles R, 1972. "The Prediction Performance of the FRB-MIT-PENN Model of the U.S. Economy," American Economic Review, American Economic Association, vol. 62(5), pages 902-917, December.
    8. Jeffrey A. Frankel & Kenneth A. Froot, 1985. "Using Survey Data to Test Some Standard Propositions Regarding Exchange Rate Expectations," NBER Working Papers 1672, National Bureau of Economic Research, Inc.
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    Cited by:

    1. J.S.Y. Wong, 1988. "The Role of 'News' in the Australian Foreign Exchange Market," Economics Discussion / Working Papers 88-19, The University of Western Australia, Department of Economics.

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