Exchange rates and fundamentals: Evidence on long-horizon predictability

Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation

1982 • 19,770 citations

Expectations and Exchange Rate Dynamics

1976 • 4,751 citations

Heteroskedasticity and Autocorrelation Consistent Covariance Matrix Estimation

1991 • 4,036 citations

Dividend yields and expected stock returns

1988 • 3,736 citations

Stock Prices, Earnings, and Expected Dividends

1988 • 2,383 citations

Forward Exchange Rates as Optimal Predictors of Future Spot Rates: An Econometric Analysis

1980 • 2,192 citations

Dividend Yields and Expected Stock Returns: Alternative Procedures for Inference and Measurement

1992 • 1,304 citations

Long Swings in the Dollar: Are They in the Data and Do Markets Know It?

1990 • 1,006 citations

A Monetary Approach To The Exchange Rate: Doctrinal Aspects And Empirical Evidence

1977 • 970 citations

The Message in Daily Exchange Rates

2002 • 828 citations

Purchasing Power Parity in the Long Run

1990 • 792 citations

Was It Real? The Exchange Rate‐Interest Differential Relation over the Modern Floating‐Rate Period

1988 • 750 citations

Predictable Stock Returns: The Role of Small Sample Bias

1993 • 639 citations

Nonparametric exchange rate prediction?

1990 • 509 citations

The Exchange Rate, The Balance Of Payments and Monetary and Fiscal Policy Under A Regime of Controlled Floating

1977 • 491 citations

What does the term structure tell us about future inflation?

1990 • 445 citations

Confidence intervals for the largest autoregressive root in U.S. macroeconomic time series

1991 • 434 citations

Real Exchange Rates under the Gold Standard

1991 • 427 citations

An empirical investigation of the long-run behavior of real exchange rates

1987 • 422 citations

Purchasing Power Parity in the Long Run: A Cointegration Approach

1990 • 342 citations

Real exchange rates and real interest differentials

1994 • 287 citations

Testing for Bubbles in Exchange Markets: A Case of Sparkling Rates?

1986 • 268 citations

Nominal exchange rate regimes and the real exchange rate

1991 • 237 citations

Purchasing Power Parity in the Long Run: A Test of the Dollar/Pound Exchange Rate (1890-1978)

1987 • 225 citations

The relationship between power and level for generic unit root tests in finite samples

1992 • 179 citations

The Economics of exchange rates : selected studies

1978 • 169 citations

Testing Purchasing Power Parity under the Null Hypothesis of Co-Integration

1991 • 134 citations

Testing for a Random Walk: A Simulation Experiment of Power When the Sampling Interval is Varied

1989 • 110 citations

The monetary approach to exchange rate determination under rational expectations: The dollar-deutschmark rate

1985 • 88 citations

Purchasing Power Parity in the Long Run

1985 • 49 citations

A standard monetary model and the variability of the deutschemark-dollar exchange rate

1987 • 44 citations

The predictability of real exchange rate changes in the short and long run

1991 • 41 citations

Rational Expectations and the Volatility of Floating Exchange Rates

1983 • 41 citations