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RePEcMacro-Finance & Rates

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

Foreign exchange impulse responses to forward guidance shocks during zero lower bound periods
Figure 2: Impulse response of daily foreign exchange rates to forward guidance (FWG) shock during ZLB periods with Local Projections
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).

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