Bouakez, Hafedh; Normandin, Michel - In: Journal of International Economics 81 (2010) 1, pp. 139-153
We study the effects of U.S. monetary policy shocks on the bilateral exchange rate between the U.S. and each of the G7 countries. We also estimate deviations from uncovered interest rate parity conditional on these shocks. The analysis is based on a structural vector autoregression in which...