The effects of Japanese interventions on FX-forecast heterogeneity

C-Tier

Journal: Economics Letters

Year: 2010

Volume: 108

Issue: 1

Pages: 62-64

Authors (3)

Reitz, Stefan (Kiel Institut für Weltwirtscha...) Stadtmann, Georg (not in RePEc) Taylor, Mark P. (Washington University in St. L...)

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

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.

The effects of Japanese interventions on FX-forecast heterogeneity

Authors (3)

Abstract

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