Majandusteaduskonna teadusseminar 9. septembril
- Aeg:09.09.15 - 09.09.15
Kolmapäeval, 9. septembril toimub ruumis SOC-415 majandusteaduskonna teadusseminar.
Seminar viiakse läbi inglise keeles.
Karsten Staehr, Department of Finance and Economics, TUT (co-authors Juan Carlos Cuestas, Sheffield University and Fabio Filipozzi, Eesti Pank and TUT) will present:
"Uncovered Interest Parity and Expectations. New Results from Central and Eastern Europe"
Abstract: The presentation will discuss the hypothesis of uncovered interest parity (UIP) and present two papers testing for the presence of UIP in Central and Eastern European countries with a floating exchange rate. The first paper is “Do foreign exchange forecasters believe in uncovered interest parity?”, which was published in Economics Letters in August 2015. The other paper is “Uncovered interest parity in Central and Eastern Europe: expectations and structural breaks” and it is still work-in-progress. One conclusion coming out of both studies is that the formation of expectations is of great importance when the empirical validity of the UIP hypothesis is assessed.