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Imperfect knowledge economics : exchange rates and risk /

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Frydman, Roman, 1948-
Otros Autores: Goldberg, Michael D., 1958-
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Princeton, NJ ; Oxford : Princeton University Press, 2007.
Edición:1st ed.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • pt. I. From early modern economics to imperfect knowledge economics. Recognizing the limits of economists' knowledge ; A tradition interrupted ; Flawed foundations : the gross irrationality of 'rational expectations' and behavioral models ; Reconsidering modern economics ; Imperfect knowledge economics of supply and demand
  • pt. II. 'Anomalies' in contemporary models of currency markets. The overreach of contemporary models of asset markets ; The 'puzzling' behavior of exchange rates : lost fundamentals and long swings ; 'Anomalous' returns of foreign exchange : is it really irrationality?
  • pt. III. Imperfect knowledge economics of exchange rates and risk. Modelling preferences in asset markets : experimental evidence and imperfect knowledge ; Modeling individual forecasting strategies and their revisions ; Bulls and bears in equilibrium : uncertainty-adjusted uncovered interest parity ; IKE of the premium on foreign exchange : theory and evidence ; The forward discount 'anomaly' : the peril of fully prescpecifying market efficiency ; Imperfect knowledge and long swings in the exchange rate ; Exchange rates and macroeconomic fundamentals : abandoning the search for a fully predetermined relationship.