| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 7364618 | Journal of International Financial Markets, Institutions and Money | 2016 | 5 Pages |
Abstract
Previous literature has documented but not yet explained asymmetric exchange rate responses to unanticipated inflation announcements under a credible inflation-targeting regime. We present a theoretical model explaining the reported asymmetries in exchange-rate responses based on asymmetries in monetary policy preferences.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Michael G. Arghyrou, Panayiotis Pourpourides,