RDP 8603: Risk Premia, Market Efficiency and the Exchange Rate: Some Evidence Since the Float Equation (14)

T 1 ( β ^ 1 β 1 ) d N(0, θ 1 ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaOaaaeaaie aacaWFubWaaSbaaSqaaiaaigdaaeqaaaqabaGccaGGOaGafqOSdiMb aKaadaWgaaWcbaGaaGymaaqabaGccqGHsislcqaHYoGydaWgaaWcba GaaGymaaqabaGccaGGPaGaaGPaVpaaxacabaGaeyOKH4kaleqabaGa amizaaaakiaa=5eacaWFOaGaa8hmaiaa=XcacqaH4oqCdaWgaaWcba GaaGymaaqabaGccaGGPaaaaa@4A2D@