|
Long Swings In The Exchange Rate And The Excess Returns Puzzle: The Role Of Imperfect Knowledge
Long Swings in the Exchange Rate and the Excess Returns Puzzle: The Role of
William Strauss
The paper is a clear breath of "dirty" air in the sterile world of perfect
foresight. The authors offer a well worked out model of how agents persistently
bid the exchange rate away from the expected long-run equilibrium rate. It
seems intuitively comfortable to see the mathematical justification for the
unexplained excess returns to be a function of the distance from the bench-mark
(PPP). The uncertainty of a switch occurring in a regime (the Peso Problem) is
an interest-ing form within which to embed the imperfect information. It ....
Word count: 505 - Page count: 2
|
|
Are you sitting there thinking how much it sucks to have to write a term paper for class? If you are writing an argumentative
paper, you first you will have to come up with a topic for your thesis statement and then objections and points supporting your position.
Are you wishing you could find some help to come up with some good ideas your paper? Then you are in luck! PaperSucks.com
is here. We have over 40,000 pre-written papers in our online library to help you with your academic paper. Yes, you read that right.
Our site has 40,000 papers and growing. Best of all, our prices won't suck your wallet dry. So become a member today and get
immediate access to our site and say goodbye to the old ways to writing term papers.
| Membership Option |
Price |
Select A Payment Option |
| 30 days recurring |
$19.95 |
| 90 days recurring |
$39.95 |
| 180 days non-recurring |
$69.95 |
|
|
|
