Learning to forecast the exchange rate two competing approaches

In this paper, we investigate the behavior of the exchange rate within the framework of an asset pricing model. We assume boundedly rational agents who use simple rules to forecast the future exchange rate. They test these rules continuously using two learning mechanisms. The first one, the fitness...

Ausführliche Beschreibung

Bibliographische Detailangaben

1. Verfasser:	De Grauwe, Paul (VerfasserIn)
Weitere Verfasser:	Markiewicz, Agnieszka (VerfasserIn)
Format:	UnknownFormat
Sprache:	eng
Veröffentlicht:	Munich Univ., Center for Economic Studies u.a. 2006
Schriftenreihe:	CESifo working paper series Monetary policy and international finance 1717
Schlagworte:	Wechselkurs > Prognosemodell
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