Monetary Policy Surprises and Exchange Rate Behavior
收藏NBER2020-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27819
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资源简介：
Central banks unexpectedly tightening policy rates often observe the exchange value of their currency depreciate, rather than appreciate as predicted by standard models. We document this for Fed and ECB policy days using event-studies and ask whether an information effect, where the public
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美国国家经济研究局创建时间：
2020-09-01
