Modelling Central Bank Intervention Activity under Inflation Targeting

Roman Horvath

Economics Bulletin, 2007, vol. 6, issue 29, 1-8

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.

JEL-codes: F3 F4 (search for similar items in EconPapers)
Date: 2007-08-02
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Citations: View citations in EconPapers (1)

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Working Paper: Modelling Central Bank Intervention Activity under Inflation Targeting (2006)
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