| Publikationstyp: | Beitrag in wissenschaftlicher Zeitschrift |
| Art der Begutachtung: | Peer review (Publikation) |
| Titel: | The forward-bias puzzle : still unsolved |
| Autor/-in: | Müller, Christian |
| DOI: | 10.1016/j.intfin.2011.06.001 |
| Erschienen in: | Journal of International Financial Markets, Institutions & Money |
| Band(Heft): | 21 |
| Heft: | 4 |
| Seite(n): | 605 |
| Seiten bis: | 610 |
| Erscheinungsdatum: | 2011 |
| Verlag / Hrsg. Institution: | Elsevier |
| ISSN: | 1042-4431 |
| Sprache: | Englisch |
| Schlagwörter: | Puzzle; ZWP; Rational expectation; Uncertainty |
| Fachgebiet (DDC): | 332: Finanzwirtschaft |
| Zusammenfassung: | This article argues that Pippenger's (2011) "Solution to the forward-bias puzzle" must be regarded as an econometric explanation of the famous puzzle, although it does not offer an exhaustive economic answer to it. Some of Pippenger's (2011) findings are reproduced and established in a cointegrated multiple time series model. It is suggested that economists should stop trying to working out the forward-bias puzzle and start looking for fundamentally better models of foreign exchange rate determination. A tentative alternative is provided. |
| URI: | https://digitalcollection.zhaw.ch/handle/11475/9622 |
| Volltext Version: | Publizierte Version |
| Lizenz (gemäss Verlagsvertrag): | Lizenz gemäss Verlagsvertrag |
| Departement: | School of Management and Law |
| Organisationseinheit: | Zentrum für Arbeitsmärkte, Digitalisierung und Regionalökonomie (CLDR) |
| Enthalten in den Sammlungen: | Publikationen School of Management and Law |
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Müller, C. (2011). The forward-bias puzzle : still unsolved. Journal of International Financial Markets, Institutions & Money, 21(4), 605–610. https://doi.org/10.1016/j.intfin.2011.06.001
Müller, C. (2011) ‘The forward-bias puzzle : still unsolved’, Journal of International Financial Markets, Institutions & Money, 21(4), pp. 605–610. Available at: https://doi.org/10.1016/j.intfin.2011.06.001.
C. Müller, “The forward-bias puzzle : still unsolved,” Journal of International Financial Markets, Institutions & Money, vol. 21, no. 4, pp. 605–610, 2011, doi: 10.1016/j.intfin.2011.06.001.
MÜLLER, Christian, 2011. The forward-bias puzzle : still unsolved. Journal of International Financial Markets, Institutions & Money. 2011. Bd. 21, Nr. 4, S. 605–610. DOI 10.1016/j.intfin.2011.06.001
Müller, Christian. 2011. “The Forward-Bias Puzzle : Still Unsolved.” Journal of International Financial Markets, Institutions & Money 21 (4): 605–10. https://doi.org/10.1016/j.intfin.2011.06.001.
Müller, Christian. “The Forward-Bias Puzzle : Still Unsolved.” Journal of International Financial Markets, Institutions & Money, vol. 21, no. 4, 2011, pp. 605–10, https://doi.org/10.1016/j.intfin.2011.06.001.
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