search query: @author Roley, V. V. / total: 7
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| Author: | Bonser-Neal, C. Roley, V. V. Sellon, G. H., Jr. |
| Title: | Monetary policy actions, intervention, and exchange rates: A reeaxamination of the empirical relationships using federal funds rate target data. |
| Journal: | Journal of Business
1998 : APR, VOL. 71:2, p. 147-177 |
| Index terms: | MONETARY POLICY CURRENCY MARKETS USA |
| Language: | eng |
| Abstract: | The authors reexamine the relationships among Federal Reserve monetary policy actions, U. S. interventions in currency markets, and exchange rates using an alternative measure of monetary policy actions, the Federal Reserve's federal funds rate target. They find that exchange rates generally respond immediately to U. S. monetary policy actions and that these responses are usually consistent with the overshooting hypothesis. They also find evidence of signaling and leaning-against-the-wind U.S. intervention policies over the sample. |
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