Les économistes sont-ils chartistes ou fondamentalistes ?. Une enquête auprès de quatre-vingt chercheurs français

Marie Bessec

Economie & Prévision, 2005, vol. n° 169-170-171, issue 3, 239-249

Abstract: Surveys of market participants are now widely used in the exchange-rate literature. However, there is no study of academics?views on exchange-rate dynamics. Our paper aims to fill this gap. We conducted a survey of 80 economists in several French universities in November 2002. Most respondents do not perceive economic fundamentals as important determinants of exchange rates at short and medium horizons. In particular, PPP is not regarded as a useful concept for predicting exchange-rate movements. The consistency between these beliefs and those of foreign-exchange traders disproves conventional wisdom, which sees a wide gap between the academic view and market traders? everyday practices.

Keywords: international finance; exchange rates (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=ECOP_169_0239 (application/pdf)
http://www.cairn.info/revue-economie-et-prevision-1-2005-3-page-239.htm (text/html)
free

Related works:
Journal Article: Les économistes sont-ils chartistes ou fondamentalistes ? Une enquête auprès de quatre-vingt chercheurs français (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:ecoldc:ecop_169_0239

Access Statistics for this article

More articles in Economie & Prévision from La Documentation Française
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().