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dc.contributor.authorMüller, Christian-
dc.date.accessioned2018-08-24T13:01:10Z-
dc.date.available2018-08-24T13:01:10Z-
dc.date.issued2011-
dc.identifier.issn1042-4431de_CH
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/9622-
dc.description.abstractThis 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.de_CH
dc.language.isoende_CH
dc.publisherElsevierde_CH
dc.relation.ispartofJournal of International Financial Markets, Institutions & Moneyde_CH
dc.rightsLicence according to publishing contractde_CH
dc.subjectPuzzlede_CH
dc.subjectZWPde_CH
dc.subjectRational expectationde_CH
dc.subjectUncertaintyde_CH
dc.subject.ddc332: Finanzwirtschaftde_CH
dc.titleThe forward-bias puzzle : still unsolvedde_CH
dc.typeBeitrag in wissenschaftlicher Zeitschriftde_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitZentrum für Arbeitsmärkte, Digitalisierung und Regionalökonomie (CLDR)de_CH
dc.identifier.doi10.1016/j.intfin.2011.06.001de_CH
zhaw.funding.euNode_CH
zhaw.issue4de_CH
zhaw.originated.zhawYesde_CH
zhaw.pages.end610de_CH
zhaw.pages.start605de_CH
zhaw.publication.statuspublishedVersionde_CH
zhaw.volume21de_CH
zhaw.publication.reviewPeer review (Publikation)de_CH
Appears in collections: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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