Why is it so difficult to beat the random walk forecast of exchange rates?

A-Tier
Journal: Journal of International Economics
Year: 2003
Volume: 60
Issue: 1
Pages: 85-107

Authors (2)

Kilian, Lutz (Federal Reserve Bank of Dallas) Taylor, Mark P. (Washington University in St. L...)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Technical Details

RePEc Handle
repec:eee:inecon:v:60:y:2003:i:1:p:85-107
Journal Field
International
Author Count
2
Added to Database
2026-01-25