Monetary policy and the exchange rate: Evidence from a two-country model

We present a two-country structural VAR model of monetary policy and the exchange rate for the US and Australia that allows us to identify both US and Australian monetary policy innovations. A key finding is the asymmetry in the effects of these innovations on the exchange rate, both the nature of t...

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Veröffentlicht in:	Journal of macroeconomics 2009-12, Vol.31 (4), p.708-720
Hauptverfasser:	Voss, G.M., Willard, L.B.
Format:	Artikel
Sprache:	eng
Schlagworte:	Asymmetry Economic models Exchange rate disconnect Exchange rates Foreign exchange rates Innovation Innovations International monetary transmission mechanism Monetary policy Monetary policy International monetary transmission mechanism Exchange rates Exchange rate disconnect Pricing Studies Transmission mechanism Vector-autoregressive models
Online-Zugang:	Volltext
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