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Demystifying the Meese-Rogoff Puzzle
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Demystifying the Meese-Rogoff Puzzle

Book Details

Format Hardback or Cased Book
ISBN-10 1137452471
ISBN-13 9781137452474
Publisher Palgrave Macmillan
Imprint Palgrave Pivot
Country of Manufacture GB
Country of Publication GB
Publication Date Dec 17th, 2014
Print length 150 Pages
Weight 352 grams
Dimensions 22.40 x 14.10 x 1.70 cms
Ksh 8,100.00
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For the past 30 years international monetary economists have believed that exchange rate models cannot outperform the random walk in out-of-sample forecasting as a result of the 1983 paper written by Richard Meese and Kenneth Rogoff.

The authors present compelling evidence, supported by their own measure: the ''adjusted root mean square error'', to finally solve the Meese-Rogoff puzzle and provide a new alternative.


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