| Autor: |
Degrér, Henrik, Hansen, Jan, Sellin, Peter |
| Rok vydání: |
2001 |
| Předmět: |
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| Popis: |
In this paper we evaluate the out of sample forecasting performance of a large number of models belonging to a popular class of exchange rate models. Forecasts of the Swedish nominal effective exchange rate for the period 1980-2000 are performed using both single equation estimation and VAR approaches. The forecast horizons used were from 1 to 12 quarters. None of the models evaluated could convincingly outperform a random walk alternative. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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