The Effects of Japanese Interventions on FX-Forecast Heterogeneity
Stefan Reitz,
Georg Stadtmann and
Mark Taylor
MPRA Paper from University Library of Munich, Germany
Abstract:
This paper investigates the determinants of forecast heterogeneity in the Yen-US dollar market using a panel data set from Consensus Economics. Regardless of the particular model specification and consideration of control variables we find that exchange rate misalignments increase 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)
JEL-codes: D84 F31 (search for similar items in EconPapers)
Date: 2009-06-05
New Economics Papers: this item is included in nep-cba and nep-for
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/15603/1/MPRA_paper_15603.pdf original version (application/pdf)
Related works:
Journal Article: The effects of Japanese interventions on FX-forecast heterogeneity (2010) 
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:pra:mprapa:15603
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().