Égert, Balázs; Kočenda, Evžen - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2012
We analyze the impact of macroeconomic news and central bank communication on the exchange rates of three Central and Eastern European (CEE) currencies against the euro. In doing so, we first estimate standard and extended versions of the monetary model to capture deviations from the long-term...