This is Part III of a series of papers on ”Agents’ Rationality and the CHF/USD Exchange Rate”. The series contains a special approach to model...
Details →A new model containing the CHF/USD exchange rate, s t, is introduced, estimated, and discussed. The model represents a revised version of model (II)...
Details →The current paper describes and infers the important role of agents’ cognitive processes. It points to the dynamic structure of those processes and...
Details →The analysis of monthly exchange rates is carried out using a model of B.T. McCallum, which is based on the concept of Rational Expectations....
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