Bernoth, Kerstin; Herwartz, Helmut; Trienens, Lasse - 2024
the US dollar exchange rate for a sample of eight advanced countries over the period 1980M1 to 2022M6. We find that the … exchange rates are significantly affected not only by US monetary policy, but also by shocks to inflation expectations … convenience yield that investors are willing to give up to hold US dollar assets have a significant impact on the US dollar …