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developments into account while expectations for minor currencies react stronger to response policies. …
Persistent link: https://www.econbiz.de/10012818059
This paper provides a new perspective on the exchange rate disconnect puzzle by referring to the expectations building … mechanism in foreign exchange markets. We analyze the role of expectations regarding macroeconomic fundamentals for expected … expectations regarding GDP growth, inflation, interest rates, and current accounts. Our empirical findings show that fundamentals …
Persistent link: https://www.econbiz.de/10012990178
This paper provides a new perspective on the exchange rate disconnect puzzle by referring to the expectations building … mechanism in foreign exchange markets. Therefore, we analyze the role of expectations regarding macroeconomic fundamentals for … expected exchange rate changes. In doing so, we assess data for 31 economies from 2002 to 2017 and consider expectations …
Persistent link: https://www.econbiz.de/10012435503
This paper analyzes the role of uncertainty on both exchange rate expectations and forecast errors of professionals for … the adjustment of exchange rate expectations. Our findings are robust to different forecasting horizons and point to an …
Persistent link: https://www.econbiz.de/10011532311
quarterly Brent crude oil price forecasts. We examine the expectations building mechanism by referring to the processing of …
Persistent link: https://www.econbiz.de/10012661948
Persistent link: https://www.econbiz.de/10013348720
Persistent link: https://www.econbiz.de/10013375039
has affected the foreign value of the Israeli new shekel (ILS) and the expectations about its future value. We find that …
Persistent link: https://www.econbiz.de/10013259481
managers. This information treatment is effective in shifting exchange rate expectations and perceptions. These effects are …
Persistent link: https://www.econbiz.de/10015078550
This paper presents new stylized facts about exchange rates and their relationship with macroeconomic fundamentals. We show that macroeconomic surprises explain a large majority of the variation in nominal exchange rate changes at a quarterly frequency. Using a novel present value decomposition...
Persistent link: https://www.econbiz.de/10012429208