Measuring the Effects of US Unconventional Monetary Policy Surprises on Exchange Rates across Monetary Conditions
The research shows that both large-scale asset purchases and forward guidance appreciate foreign currencies against the dollar, with guidance having larger effects, especially during zero lower bound periods.
Featured in No. 133 on 2 Oct 2026 · 11 days after release

- Released
- 21 Sep 2026
- First featured
- No. 133 · 2 Oct 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 2 of 5
- Identifier
- RePEc:dpr:wpaper:1276r
- Authors
- Arisa Chantaraboontha
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).