This study compares the out-of-sample forecasting accuracy of various structural and time
series exchange rate models. We find that a random walk model performs as well as any …

… We use median values of the parameter grids considered in Meese and Rogoff in our … We
corroborate and extend the results in Mark (1992) and Meese and Rogoff (1983), where some …

This paper investigates the possibility that the observed deviations of major bilateral exchange
rates from values implied by market fundamentals are a consequence of rational asset …

… 9 Formal procedures for estimating lag length (Geweke and Meese 14) also suggest that
exchange rates follow first-order AR processes. These procedures assume the AR processes …

… In previ us w rk (Meese and Wallace, 1993), we f und that the rati f bedr ms t t tal r ms pr
duced am del with m re defensible signs n its estimated c efficients than in a less c nstrained m …

This paper examines the empirical relation between nominal exchange rates and macroeconomic
fundamentals for five major OECD countries between 1974 and 1987. Five theoretical …

A wide variety of empirical exchange rate mo. dels have been estimated over the years. But,
despite the considerable energies that have been devoted to this work, the economics …

… hypothesis tests are based; see the discussion in Meese and Singleton (1982). Test
results … ; a more detailed description of the data set can be found in Meese and Rogoff (1983b). …

A popular criticism of rational expectations models of exchange rate deter-mination is that
recent movements in exchange rates have been too volatile to be justified by movements in" …

THE combustion of boron in air augmented rockets and ramjets has been of interest for
some time, particularly in the last ten years or so. Numerous investigations of the ignition and …