Imperfect knowledge economics : exchange rates and risk / Roman Frydman; Michael D. Goldberg. Foreword by Edmund S. Phelps

Frydman, Roman *1948-* ; Goldberg, Michael D. *1958-*

Englisch

Princeton, NJ [u.a.] : Princeton University Press, 2007

XXIII, 340 S. : graph. Darst. ; a

2007927611

Includes bibliographical references and index

Erscheint auch als: Online-Ausgabe- Phelps, Edmund S. *1933-*. - New York, NY : Center on Capitalism and Society, 2008. - Online-Ressource (17 S.)

0-691-12160-5

978-0-691-12160-4

2007927611

pt. I. From early modern economics to imperfect knowledge economics. Recognizing the limits of economists' knowledge ; A tradition interrupted ; Flawed foundations : the gross irrationality of 'rational expectations' and behavioral models ; Reconsidering modern economics ; Imperfect knowledge economics of supply and demand -- pt. II. 'Anomalies' in contemporary models of currency markets. The overreach of contemporary models of asset markets ; The 'puzzling' behavior of exchange rates : lost fundamentals and long swings ; 'Anomalous' returns of foreign exchange : is it really irrationality? -- pt. III. Imperfect knowledge economics of exchange rates and risk. Modelling preferences in asset markets : experimental evidence and imperfect knowledge ; Modeling individual forecasting strategies and their revisions ; Bulls and bears in equilibrium : uncertainty-adjusted uncovered interest parity ; IKE of the premium on foreign exchange : theory and evidence ; The forward discount 'anomaly' : the peril of fully prescpecifying market efficiency ; Imperfect knowledge and long swings in the exchange rate ; Exchange rates and macroeconomic fundamentals : abandoning the search for a fully predetermined relationship

*Entscheidung bei Unsicherheit

*Rational expectations (Economic theory) ; Equilibrium (Economics) ; Microeconomics ; Foreign exchange

*Makroökonomie ; Makroökonomisches Modell ; Wirtschaftstheorie ; Rational expectations (Economic theory) ; Equilibrium (Economics) ; Microeconomics ; Foreign exchange

Wirtschaftswissenschaft / Rationale Erwartung / Erkenntnistheorie / Verhaltensökonomik

Buch / Book

Klassifikation der Library of Congress: HB172.5

Dewey Dezimal-Klassifikation: 330.1

Regensburger Verbund-Klassifikation: QC 020: Q Wirtschaftswissenschaften / QC Wirtschaftstheorie, einschließlich Geldtheorie / Unsicherheit und Erwartungen. Entscheidungsprozess bei unsicheren Erwartungen

Regensburger Verbund-Klassifikation: QM 331: Q Wirtschaftswissenschaften / QM Internationaler Handel. Zahlungsbilanz und Wechselkurse / Wechselkurse, Devisenmarkt

Mathematics Subject Classification: *91-02

Mathematics Subject Classification: 91Bxx

http://swbplus.bsz-bw.de/bsz274534819inh.htm [Inhaltsverzeichnis]

https://zbmath.org/?q=an:1143.91003 [Zentralblatt MATH]

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