Imperfect knowledge economics: exchange rates and risk/
Frydman, Roman.
Imperfect knowledge economics: exchange rates and risk/ Roman Frydman, Michael D. Goldberg and Edmund S. Phelps - New Jersey: Princeton University Press, 2007. - xx, 340 p. ; 24 cm.
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.
9780691121604
Macroeconomics.
Rational expectations (Economic theory)
Equilibrium (Economics)
Foreign exchange
330 / FRY/I
Imperfect knowledge economics: exchange rates and risk/ Roman Frydman, Michael D. Goldberg and Edmund S. Phelps - New Jersey: Princeton University Press, 2007. - xx, 340 p. ; 24 cm.
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.
9780691121604
Macroeconomics.
Rational expectations (Economic theory)
Equilibrium (Economics)
Foreign exchange
330 / FRY/I