Investor Overconfidence and the Forward Premium Puzzle

DOI10.1093/RESTUD/RDQ013zbMath1215.91058OpenAlexW3123956423MaRDI QIDQ3012103

David Hirshleifer, Tracy Yue Wang, Bing Han, Craig Burnside

Publication date: 30 June 2011

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: http://www.nber.org/papers/w15866.pdf

zbMATH Keywords

monetary policyexchange ratescarry tradePPPmoney supplyforward biasinvestor overconfidence

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Microeconomic theory (price theory and economic markets) (91B24) Trade models (91B60)

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