Uncovered interest parity and monetary policy near and far from the zero lower bound

DOI10.1007/s11079-017-9474-8zbMath1412.91140OpenAlexW3122130278WikidataQ115145992 ScholiaQ115145992MaRDI QIDQ2416287

Yi Zhang, Menzie D. Chinn

Publication date: 23 May 2019

Published in: Open Economies Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11079-017-9474-8

zbMATH Keywords

rational expectationsexchange ratesNew Keynesian modeluncovered interest parityzero lower boundunbiasedness hypothesis

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51)

Related Items (2)

What do deviations from covered interest parity and higher FX hedging costs mean for Asia? ⋮ A panel data analysis of uncovered interest parity and time-varying risk premium

Cites Work

• New Keynesian dynamics in a low interest rate environment
• Monetary Policy and Exchange Rate Volatility in a Small Open Economy

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