Add to ORKGA review of the contemporary mainstream literature on exchange rate modelling clearly indicates that the rational expectations hypothesis (RE) is almost invariably taken as a point of reference in empirical investigations. This paper tests the RE hypothesis for the Polish foreign exchange market within the Roman Frydman and Michael Goldberg model that builds on the hypothesis of imperfect knowledge economics (IKE). The employed modelling strategy consists in the formulation of assumptions about the persistence of nominal rate, prices and interest rates and of the verification of competing scenarios congruent with RE and IKE. As a result of the analysis, the RE hypothesis is rejected in favour of the IKE alternativ
The author acknowledges the support of the Polish Foundation for Science under the scholarship for ...
The aim of this article is to verify the research hypothesis that assumes the existence of profitabl...
We argue that even in perfectly frictionless markets risk aversion driven by exchange rate uncertain...
Asset prices undergo long swings that revolve around benchmark levels. In currency markets, fluctuat...
This paper explores the consequences of imperfect knowledge for exchange rate dynamics within the mo...
Asset prices undergo long swings that revolve around benchmark levels. In currency markets, fluctuat...
It is often argued that model based expectations are needed to ensure theoretical consistency of eco...
Twenty-five years have passed since the rational expectations hypothesis (REH) became the dominant p...
We propose that the formation of beliefs be treated as statistical hypothesis tests, and label such ...
Models using the Rational Expectations Hypothesis (REH) are widely recognized to be inconsistent wit...
In this paper I test the hypothesis that expectations of exchange rate movements are formed rational...
This work aims to test the equilibrium relations of two international macroeconomics models for Colo...
Investors have been looking for ways of predicting Foreign Exchange Market movements in order to hed...
This paper investigates whether the purchasing power parity (PPP) hypothesis holds in the Czech Repu...
This paper investigates whether the purchasing power parity (PPP) hypothesis holds in the Czech Repu...
The author acknowledges the support of the Polish Foundation for Science under the scholarship for ...
The aim of this article is to verify the research hypothesis that assumes the existence of profitabl...
We argue that even in perfectly frictionless markets risk aversion driven by exchange rate uncertain...
Asset prices undergo long swings that revolve around benchmark levels. In currency markets, fluctuat...
This paper explores the consequences of imperfect knowledge for exchange rate dynamics within the mo...
Asset prices undergo long swings that revolve around benchmark levels. In currency markets, fluctuat...
It is often argued that model based expectations are needed to ensure theoretical consistency of eco...
Twenty-five years have passed since the rational expectations hypothesis (REH) became the dominant p...
We propose that the formation of beliefs be treated as statistical hypothesis tests, and label such ...
Models using the Rational Expectations Hypothesis (REH) are widely recognized to be inconsistent wit...
In this paper I test the hypothesis that expectations of exchange rate movements are formed rational...
This work aims to test the equilibrium relations of two international macroeconomics models for Colo...
Investors have been looking for ways of predicting Foreign Exchange Market movements in order to hed...
This paper investigates whether the purchasing power parity (PPP) hypothesis holds in the Czech Repu...
This paper investigates whether the purchasing power parity (PPP) hypothesis holds in the Czech Repu...
The author acknowledges the support of the Polish Foundation for Science under the scholarship for ...
The aim of this article is to verify the research hypothesis that assumes the existence of profitabl...
We argue that even in perfectly frictionless markets risk aversion driven by exchange rate uncertain...