The effects of Japanese interventions on FX-forecast heterogeneity

We investigate the determinants of forecast heterogeneity in the JPY/USD market using panel data from Consensus Economics. We find that past exchange-rate volatility increases forecast dispersion, while foreign exchange intervention of the Japanese Ministry of Finance dampens expectation heterogeneity.

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Year of publication:	2010
Authors:	Reitz, Stefan ; Stadtmann, Georg ; Taylor, Mark P.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 108.2010, 1, p. 62-64
Publisher:	Elsevier
Keywords:	Exchange rates Forecast heterogeneity Survey data

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008494873