C40 - General - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T12:25:30+00:00Switching Between Chartists and Fundamentalists: A Markov Regime-Switching Approach
https://www.bankofcanada.ca/1996/01/working-paper-1996-1/
Since the early 1980s, models based on economic fundamentals have been poor at explaining the movements in the exchange rate (Messe 1990). In response to this problem, Frankel and Froot (1988) developed a model that uses two approaches to forecast the exchange rate: the fundamentalist approach, which bases the forecast on economic fundamentals, and the chartist approach, which bases the forecast on the past behaviour of the exchange rate.1996-01-01T14:26:27+00:00enSwitching Between Chartists and Fundamentalists: A Markov Regime-Switching Approach1996-01-01Financial marketsWorking Paper 1996-1 https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp96-1.pdfSwitching Between Chartists and Fundamentalists: A Markov Regime-Switching ApproachRobert VigfussonJanuary 1996CC4C40GG1G12