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- W2266346424 abstract "We investigate the significance of fundamentals variables and uncertainty of appropriate models in one-, two-, four-, and eight-quarter ahead forecasts of quarterly yen-dollar real exchange rates by using 16 fundamentals-based models and the random walk model. Our empirical results show significance of fundamentals variables in two-, four-, and eight-quarter ahead forecasts. Moreover, the reversible jump MCMC approach for uncertainty of appropriate models indicates that appropriate models change over both forecast-time-span and forecast period. This uncertainty could not be fully explained by the hypothesis that real exchange rates are ultimately governed by the true fundamentals-based model." @default.
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- W2266346424 date "2001-12-01" @default.
- W2266346424 modified "2023-09-27" @default.
- W2266346424 title "Model Uncertainty of Real Exchange Rate Forecast over Mid-term Horizons" @default.
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