INTERPRETING ECONOMETRIC EVIDENCE ON EFFICIENCY IN THE FOREIGN EXCHANGE MARKET

EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*

1970 • 15,798 citations

An Efficient Method of Estimating Seemingly Unrelated Regressions and Tests for Aggregation Bias

1962 • 7,696 citations

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

1980 • 2,192 citations

Forecasts of Future Prices, Unbiased Markets, and "Martingale" Models

1966 • 449 citations

Econometric Implications of the Rational Expectations Hypothesis

1980 • 436 citations

Optimal expectations and the extreme information assumptions of ‘rational expectations’ macromodels

1979 • 395 citations

THE FORWARD EXCHANGE RATE, EXPECTATIONS, AND DEMAND FOR MONEY: THE GERMAN HYPERINFLATION

1977 • 269 citations

A note on maximum likelihood estimation of the rational expectations model of the term structure

1979 • 190 citations

Rational Expectations, Econometric Exogeneity, and Consumption

1978 • 190 citations

Testing Rational Expectations and Efficiency in the Foreign Exchange Market

1983 • 187 citations

Some Joint Tests of the Efficiency of Markets for Forward Foreign Exchange

1979 • 150 citations

Further evidence on expectations and the demand for money during the German hyperinflation

1979 • 60 citations