RDP 8603: Risk Premia, Market Efficiency and the Exchange Rate: Some Evidence Since the Float
Equation (6)
ε
t
+
n
=
α
3
+
Y
(
L
)
P
t
,
n
+
ν
t
L
=
0
,
1
....
,
3
P
t
,
n
=
F
t
,
n
−
S
t
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