Monetary Policy and the Uncovered Interest Parity Puzzle
NBER Working Paper No. 16218
---- Acknowledgements ----
Thanks to Kristoffer Nimark, Jordi Gali, Jaume Ventura, Adrien Verdelhan and, in particular, Burton Hollifield for many helpful comments and discussions. Telmer is grateful to CREI, Universitat Pompeu Fabra, for generous hospitality while some of this work was completed. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.