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

ε t+1 = S t+1 − F t−14,15 MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqyTdu2aaS baaSqaaGqaaiaa=rhacaWFRaGaa8xmaaqabaGccqGH9aqpcaWFtbWa aSbaaSqaaiaa=rhacaWFRaGaa8xmaaqabaGccqGHsislcaWFgbWaaS baaSqaaiaa=rhacqGHsislcaaIXaGaaGinaiaacYcacaaIXaGaaGyn aaqabaaaaa@45F7@