The effects of Japanese interventions on FX-forecast heterogeneity

Stefan Reitz (), Georg Stadtmann and Mark P. Taylor ()

Economics Letters, 2010, vol. 108, issue 1, pages 62-64

Abstract: We investigate the determinants of forecast heterogeneity in the JPY/USD market using panel data from Consensus Economics. We find that past exchange-rate volatility increases forecast dispersion, while foreign exchange intervention of the Japanese Ministry of Finance dampens expectation heterogeneity.

Keywords: Exchange; rates; Forecast; heterogeneity; Survey; data (search for similar items in EconPapers)
Date: 2010
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Working Paper: The Effects of Japanese Interventions on FX-Forecast Heterogeneity (2009)
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Persistent link: http://EconPapers.repec.org/RePEc:eee:ecolet:v:108:y:2010:i:1:p:62-64

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