Browsing Centre for Applied Macro- and Petroleum economics (CAMP) by Author "Alstadheim, Ragna"

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Do Central Banks Respond to Exchange Rate Movements? A Markov-Switching Structural Investigation

Alstadheim, Ragna; Bjørnland, Hilde C.; Maih, Junior (CAMP Working Paper Series;9/2013, Working paper, 2013)

Do central banks respond to exchange rate movements? According to Lubik and Schorfheide (2007) who estimate structural general equilibrium models with monetary policy rules, the answer is "Yes, some do". However, their ...