Imperfect Knowledge Economics : : Exchange Rates and Risk /

Imperfect Knowledge Economics : : Exchange Rates and Risk / / Roman Frydman, Michael D. Goldberg.

Posing a major challenge to economic orthodoxy, Imperfect Knowledge Economics asserts that exact models of purposeful human behavior are beyond the reach of economic analysis. Roman Frydman and Michael Goldberg argue that the longstanding empirical failures of conventional economic models stem from...

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Bibliographic Details
VerfasserIn:
Frydman, Roman,
Goldberg, Michael D.,
MitwirkendeR:
Phelps, Edmund S.,
Place / Publishing House:Princeton, NJ : : Princeton University Press, , [2023]
©2008
Year of Publication:2023
Language:English
Online Access:
Physical Description:1 online resource (366 p.) :; 35 line illus. 14 tables.
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Table of Contents:
  • Frontmatter
  • Contents
  • Foreword
  • Acknowledgments
  • Abbreviations
  • PART I. From Early Modern Economics to Imperfect Knowledge Economics
  • 1 Recognizing the Limits of Economists’ Knowledge
  • 2 A Tradition Interrupted
  • 3 Flawed Foundations
  • 4 Reconsidering Modern Economics
  • 5 Imperfect Knowledge Economics of Supply and Demand
  • PART II. “Anomalies” in Contemporary Models of Currency Markets
  • 6 The Overreach of Contemporary Models of Asset Markets
  • 7 The “Puzzling” Behavior of Exchange Rates
  • 8 “Anomalous” Returns on Foreign Exchange
  • PART III. Imperfect Knowledge Economics of Exchange Rates and Risk
  • 9 Modeling Preferences in Asset Markets
  • 10 Modeling Individual Forecasting Strategies and Their Revisions
  • 11 Bulls and Bears in Equilibrium
  • 12 IKE of the Premium on Foreign Exchange
  • 13 The Forward Discount “Anomaly”
  • 14 Imperfect Knowledge and Long Swings in the Exchange Rate
  • 15 Exchange Rates and Macroeconomic Fundamentals
  • References
  • Index

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