EconPapers    
Economics at your fingertips  
 

Inflation announcements and asymmetric exchange rate responses

Michael Arghyrou () and Panayiotis Pourpourides ()

Journal of International Financial Markets, Institutions and Money, 2016, vol. 40, issue C, 80-84

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.

Keywords: Exchange rate; Inflation announcements; Monetary policy; Asymmetry (search for similar items in EconPapers)
JEL-codes: E52 F31 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S104244311500089X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:intfin:v:40:y:2016:i:c:p:80-84

DOI: 10.1016/j.intfin.2015.07.002

Access Statistics for this article

Journal of International Financial Markets, Institutions and Money is currently edited by I. Mathur and C. J. Neely

More articles in Journal of International Financial Markets, Institutions and Money from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2023-01-11
Handle: RePEc:eee:intfin:v:40:y:2016:i:c:p:80-84