TY  - BOOK
AU  - Frydman, Roman.
AU  - Goldberg, Michael D.
AU  - Phelps, Edmund S.
TI  - Imperfect knowledge economics: exchange rates and risk
SN  - 9780691121604
U1  - 330 
PY  - 2007///
CY  - New Jersey
PB  - Princeton University Press
KW  - Macroeconomics
KW  - Rational expectations (Economic theory)
KW  - Equilibrium (Economics)
KW  - Foreign exchange
N1  - 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
ER  -