An Estimation of Target Effective Exchange Rates: The Case of the U.S.
Keyword(s):
The Us
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This paper derives optimal effective exchange rates, via loss-function minimization, for the US economy. The results attract considerable research interest; although it is generally believed that policy makers intervene only in infrequent emergency occasions in the foreign exchange market, this paper shows that the contrary is true; the US foreign exchange market is characterized by frequent central bank intervention.
2021 ◽
2019 ◽
Vol 11
(2)
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pp. 165
Keyword(s):
2013 ◽
Vol 55
(3)
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pp. 308
2012 ◽
Vol 44
(35)
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pp. 4631-4637
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2010 ◽
Vol 24
(2)
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pp. 185-207
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Keyword(s):
1999 ◽
Vol 49
(2)
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pp. 245-267
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Keyword(s):