that public expenditure innovation has a significant depreciating trend impact on exchange rate volatility, and its impact … relies on the type of fiscal expenditure innovation. While the impact of public expenditure innovation on exchange rate … volatility does not rely on the direction of the innovation, it varies according to the state of the economy. Public expenditure …

This paper proposes a measure of exchange rate disconnect. Working in a two-currency international economy, our theory … of economies to reveal a geography of disconnect. Linking theory to returns of international bonds and equities, we …