The effects of Japanese interventions on FX-forecast heterogeneity

Stefan Reitz; Georg Stadtmann; Mark P. Taylor

doi:10.1016/j.econlet.2010.04.007

The effects of Japanese interventions on FX-forecast heterogeneity

Stefan Reitz
, Georg Stadtmann
, Mark P. Taylor

Research output: Contribution to journal › Article › peer-review

12 Scopus citations

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.

Original language	English
Pages (from-to)	62-64
Number of pages	3
Journal	Economics Letters
Volume	108
Issue number	1
DOIs	https://doi.org/10.1016/j.econlet.2010.04.007
State	Published - Jul 2010

Keywords

Exchange rates
Forecast heterogeneity
Survey data

Access to Document

10.1016/j.econlet.2010.04.007

Cite this

@article{f3d284b8f78b44c1bc154d2e6a64a5d2,

title = "The effects of Japanese interventions on FX-forecast heterogeneity",

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.",

keywords = "Exchange rates, Forecast heterogeneity, Survey data",

author = "Stefan Reitz and Georg Stadtmann and Taylor, \{Mark P.\}",

year = "2010",

month = jul,

doi = "10.1016/j.econlet.2010.04.007",

language = "English",

volume = "108",

pages = "62--64",

journal = "Economics Letters",

issn = "0165-1765",

number = "1",

}

TY - JOUR

T1 - The effects of Japanese interventions on FX-forecast heterogeneity

AU - Reitz, Stefan

AU - Stadtmann, Georg

AU - Taylor, Mark P.

PY - 2010/7

Y1 - 2010/7

N2 - 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.

AB - 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.

KW - Exchange rates

KW - Forecast heterogeneity

KW - Survey data

UR - https://www.scopus.com/pages/publications/77953359810

U2 - 10.1016/j.econlet.2010.04.007

DO - 10.1016/j.econlet.2010.04.007

M3 - Article

AN - SCOPUS:77953359810

SN - 0165-1765

VL - 108

SP - 62

EP - 64

JO - Economics Letters

JF - Economics Letters

IS - 1

ER -

The effects of Japanese interventions on FX-forecast heterogeneity

Abstract

Keywords

Access to Document

Other files and links

Fingerprint

Cite this