Now showing items 1-2 of 2
Exchange Rate Predictability in a Changing World
(University of Glasgow, 2014-02-14)
An expanding literature articulates the view that Taylor rules are helpful in predicting exchange rates. In a changing world however, Taylor rule parameters may be subject to structural instabilities, for example during ...
On the Sources of Uncertainty in Exchange Rate Predictability
(University of Glasgow, 2014-09-26)
We analyse the role of time-variation in coefficients and other sources of uncertainty in exchange rate forecasting regressions. Our techniques incorporate the notion that the relevant set of predictors and their corresponding ...