Arghyrou, Michael G. and Pourpourides, Panayiotis 2016. Inflation announcements and asymmetric exchange rate responses. Journal of International Financial Markets, Institutions and Money 40 , pp. 80-84. 10.1016/j.intfin.2015.07.002 |
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Official URL: http://dx.doi.org/10.1016/j.intfin.2015.07.002
Abstract
Previous literature has documented but not yet explained asymmetric exchange rate responses to unanticipated inflation announcements under a credible inflation-targeting regime. We present a theoretical model explaining the reported asymmetries in exchange-rate responses based on asymmetries in monetary policy preferences.
Item Type: | Article |
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Date Type: | Publication |
Status: | Published |
Schools: | Business (Including Economics) |
Subjects: | H Social Sciences > HG Finance |
Uncontrolled Keywords: | Exchange rate; Inflation announcements; Monetary policy; Asymmetry |
Publisher: | Elsevier |
ISSN: | 1042-4431 |
Date of First Compliant Deposit: | 30 March 2016 |
Date of Acceptance: | 19 July 2015 |
Last Modified: | 25 Nov 2020 05:37 |
URI: | http://orca.cf.ac.uk/id/eprint/76969 |
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