Caporale, Guglielmo Maria; Cipollini, Andrea - In: Eastern Economic Journal 28 (2002) 1, pp. 59-70
This paper focuses on a possible explanation for the weakness of the euro, namely the lack of transparency of the … European Central Bank's (ECB) monetary policy. In order to obtain a time-varying measure of monetary policy uncertainty in both … analyze directly the impact of higher uncertainty on the euro-dollar exchange rate. The empirical findings are in line with …