Explanations of Exchange Rate Volatility and Other Empirical Regularities in Some Popular Models of the Foreign Exchange Market

The present paper is intended to accomplish two tasks. First, models predicting overshooting and magnification, respectively, will be checked for their consistency with two key empirical regularities: A. The observed pattern of price level vs. exchange-rate volatility. B. The observed pattern of spot exchange-rate vs. forward exchange-rate volatility. Second, a widely neglected reason for exchange-rate volatility, activist monetary policy, will be studied

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Year of publication:	[2021]
Authors:	Flood, Robert P.
Publisher:	[S.l.] : SSRN
Subject:	Wechselkurs \| Exchange rate \| Theorie \| Theory \| Volatilität \| Volatility \| Devisenmarkt \| Foreign exchange market \| Schätzung \| Estimation

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Extent:	1 Online-Ressource (48 p)
Series:	NBER Working Paper ; No. w0625
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 1981 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

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