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  3. American Economic Review
  4. May 2007
  5. Random Walk Expectations and the Forward Discount Puzzle

American Economic Review

ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)

Random Walk Expectations and the Forward Discount Puzzle

  • Philippe Bacchetta
  • Eric van Wincoop
American Economic Review
vol. 97, no. 2, May 2007
(pp. 346–350)
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Citation

Bacchetta, Philippe, and Eric van Wincoop. 2007. "Random Walk Expectations and the Forward Discount Puzzle." American Economic Review, 97 (2): 346–350. DOI: 10.1257/aer.97.2.346

JEL Classification

  • E43 Interest Rates: Determination, Term Structure, and Effects
  • F31 Foreign Exchange
  • G15 International Financial Markets