Title of article
Forecasting the exchange rate PPP versus a random walk
Author/Authors
Fritsche، نويسنده , , Charmaine Pereira; Wallace، نويسنده , , Myles ، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1997
Pages
6
From page
69
To page
74
Abstract
Forecasts of error-correction models based on PPP are compared to a random walk. The results are mixed. However, for two out of four currencies imposing PPP on the error correction term generates a specification that outperforms a random walk.
Keywords
Purchasing power parity , forecasting
Journal title
Economics Letters
Serial Year
1997
Journal title
Economics Letters
Record number
434251
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