Expectations and chaotic dynamics: Empirical evidence on exchange rates
Marcelo Resende () and
Rodrigo Zeidan ()
Economics Letters, 2008, vol. 99, issue 1, 33-35
The paper investigates the dynamic behavior of exchange rates expectations using four different currencies. The test follows developments advanced by Fernández-Rodriguez et al. [Fernández-Rodriguez, F., Sosvilla-Rivero, S., Andrada-Félix, J., 2005. Testing chaotic dynamics via Lyapunov exponents. Journal of Applied Econometrics, 20, 911-930.]. The evidence, however, does not favor the presence of chaotic dynamics in exchange rate expectations.
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:99:y:2008:i:1:p:33-35
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