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The effects of Japanese interventions on FX-forecast heterogeneity
Stefan Reitz Georg Stadtmann and
Mark P. Taylor , 2010, vol. 108, issue 1, pages 62-64
Economics Letters 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)
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Related works: Working Paper: The Effects of Japanese Interventions on FX-Forecast Heterogeneity (2009) This item may be available elsewhere in EconPapers: Search for items with the same title.
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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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