Scholl, Almuth (contributor); Uhlig, Harald (contributor) - 2005
appreciation happens during the first year after the shock for the US-German and the US-UK pair, and during the first two years for … the US-Japan pair. This is consirably quicker than the three-year horizon found by Eichenbaum-Evans. There is a robust … ratios for a Bayesian investor investing in a hedged position following a US monetary policy shock. For foreign monetary …
