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In this paper we propose a generalisation of the noise trader transmission mechanism to examine the impact of central bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are supposed to provide support to either chartist or...
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uncertainty on the information content of news announcements, the interaction of monetary policy and financial stability …Although the effects of economic news announcements on asset prices are well established, theserelationships are …-frequency data from January 2000 through August 2011. Significant time variation in news effects is present for those announcements …
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uncertainty on the information content of news announcements, the interaction of monetary policy and financial stability …Although the effects of economic news announcements on asset prices are well established, these relationships are … announcements that have the largest effects on asset prices. The time variation in effects is explained by economic conditions …
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payroll announcements. In contrast to a recent paper by Edison (1997), who employs a linear econometric model, we test the … reaction of inflation indexed bond yields to news announcements is investigated. …
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