08.02.2022: Nikolai Roussanov – Following the Fed: limits of arbitrage and the Dollar

Presenter: Nikolai Roussanov Affiliation: University of Pennsylvania, Wharton School Paper: TBA Date: February 8, 2022 Time: 13:00 GMT Abstract: U.S. dollar exchange rates are predictable by changes in U.S. Treasury yields at a weekly frequency. This predictability is driven by a delayed reaction of the dollar to monetary policy announcements by the Federal Reserve. In … Read more

28.12.2021: Cynthia Wu – Average inflation targeting: time inconsistency and intentional ambiguity

Presenter: Cynthia Wu Affiliation: University of Notre Dame, Department of Economics Paper: Average Inflation Targeting: Time Inconsistency and Intentional Ambiguity Date: December 28, 2021. Time: 13:00 GMT We study the implications of the Fed’s new policy framework of average inflation targeting (AIT) and its ambiguous communication. The central bank has the incentive to deviate from … Read more

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