The Out-of-Sample Failure of Empirical Exchange Rate Models: Sampling Error or Misspecification?

Publication information:

Meese, Richard, Kenneth Rogoff, and Jacob Frenkel. 1983. “The Out-of-Sample Failure of Empirical Exchange Rate Models: Sampling Error or Misspecification?”. In Exchange Rates and International Macroeconomics, 67-105. Chicago: University of Chicago Press and NBER.