Pessimists, maybe it’s time to cheer up! Things are not (always) as bad as you think. See for example :
• The forward premium anomaly is not as bad as you think
• Exchange rate models are not as bad as you think
• The international diversification puzzle is not as bad as you think
• The Feldstein-Horioka puzzle is not as bad as you think
• The allocation puzzle is not as bad as you think
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