A Theory-Consistent CVAR Scenario for a Monetary Model with Forward-Looking Expectations

A Theory-Consistent CVAR Scenario for a Monetary Model with Forward-Looking Expectations

A theory-consistent CVAR scenario describes a set of testable regularities capturing basic assumptions of the theoretical model. Using this concept, the paper considers a standard model for exchange rate determination with forward-looking expectations and shows that all assumptions about the model’s...

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Bibliographic Details
Main Author: Katarina Juselius
Format: Article
Language:English
Published: MDPI AG 2022-04-01
Series:Econometrics
Subjects:
theory-consistent CVAR
expectations
international puzzles
long swings
persistence
imperfect knowledge
Online Access:https://www.mdpi.com/2225-1146/10/2/16

Internet

https://www.mdpi.com/2225-1146/10/2/16

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