Imperfect knowledge economics : exchange rates and risk / Roman Frydman, Michael D. Goldberg foreword by Edmund S. Phelps.

Frydman, Roman, 1948-
Princeton, NJ Oxford : Princeton University Press, 2007.
Added to CLICnet on 07/29/2014


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Notes:

  • Includes bibliographical references and index.
  • 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.

Subjects:

Requested by Lotterman, E.

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