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Is pass-through of the exchange rate to restaurant and hotel prices asymmetric in the US? : role of monetary policy uncertainty

Alola, Uju Violet; Usman, Ojonugwa; Alola, Andrew Adewale - In: Financial innovation : FIN 9 (2023) 1, pp. 1-19

This study examines the exchange rate pass-through to the United States (US) restaurant and hotel prices by incorporating the effect of monetary policy uncertainty over the period 2001:M12 to 2019:M01. Using the nonlinear autoregressive distributed lag (NARDL) model, empirical evidence indicates...

Persistent link: https://www.econbiz.de/10014288923

Social value of public information : testing the limits to transparency

Ehrmann, Michael (contributor); … - 2007

Transparency has become an almost universal virtue among central banks. The paper tests empirically, for the case of the Federal Reserve, two hypotheses about central bank transparency derived from the debate of Morris and Shin (2002) and Svensson (2006). First, the paper finds that the...

Persistent link: https://www.econbiz.de/10003599312

A paradox of risk aversion : structural uncertainty and a dysfunctional international monetary system

Johnson, Robert - In: Challenge 54 (2011) 3, pp. 38-55

Persistent link: https://www.econbiz.de/10009157651

A year of living dangerously : the management of the financial crisis in 2008

Reinhart, Vincent - In: The journal of economic perspectives : EP ; a journal … 25 (2011) 1, pp. 71-90

Persistent link: https://www.econbiz.de/10009158160

Does monetary policy affect stock market uncertainty? : Empirical evidence from the United States

Jovanović, Mario - 2011

can be shown that monetary policy significantly Granger-causes stock market confidence. By using monthly closing prices of … confidence and uncertainty is demonstrated. The monetary policy effect on stock market uncertainty is therefore separable into a … linear and nonlinear part. -- Stock market confidence ; temporal dependence ; copula …