Exchange Rate Dynamics and Learning.

Interest rate expectations are essential to exchange rate determination. Using a unique survey data set on interest rates forecasts from 1986 to 1995 for G7 countries, we find that there were more persistent interest rate shocks in sample than there were expected by the market.

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Year of publication:	1996
Authors:	Gourinchas, P-O ; Tornell, A
Institutions:	Harvard Institute of Economic Research (HIER), Department of Economics
Subject:	EXCHANGE RATE \| LEARNING \| INTEREST RATE

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Series:	Harvard Institute of Economic Research Working Papers.
Type of publication:	Book / Working Paper
Notes:	40 pages
Classification:	E43 - Determination of Interest Rates; Term Structure Interest Rates ; F31 - Foreign Exchange ; D83 - Search, Learning, Information and Knowledge
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005245645