Modelling Central Bank Intervention Activity under Inflation Targeting

Roman Horvath

MPRA Paper from University Library of Munich, Germany

Abstract: Using daily data from the Czech Republic in 1/1/1998-31/12/2002, we find that foreign exchange intervention activity is determined by the degree of exchange rate misalignment and lagged intervention. Additionally, inflation targeting regime is a binding constraint of intervention activity.

Keywords: Foreign exchange intervention; central bank; inflation targeting (search for similar items in EconPapers)
JEL-codes: E52 E58 F31 F33 (search for similar items in EconPapers)
Date: 2006-05-10
New Economics Papers: this item is included in nep-cba, nep-mac, nep-mon and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Modelling Central Bank Intervention Activity under Inflation Targeting (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:914

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