bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are … to daily US-dollar/DEM forward rates and intervention data of the Deutsche Bundesbank and the Federal Reserve from 1979 …

bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are … to daily US-dollar/DEM forward rates and intervention data of the Deutsche Bundesbank and the Federal Reserve from 1979 …

We consider a new method to estimate causal effects when a treated unit suffers a shock or an intervention, such as a …, we estimate the average intervention effect on a vector of variables belonging to the treated unit, which is consistent … that these results still hold when the date of the intervention is unknown and must be estimated from the data. Tests for …