Is Bad News about Inflation Good News for the Exchange Rate? And, If So, Can That Tell Us Anything about the Conduct of Monetary Policy?

Richard H. Clarida & Daniel Waldman
Published Date
Copyright 2008
ISBN 978-0-226-09211-9
Asset Prices and Monetary Policy
Book: Asset Prices and Monetary Policy
Book editor: John Y. Campbell
PUBLISHER: University of Chicago Press
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Published From Paper

Is Bad News About Inflation Good News for the Exchange Rate?
- Working Paper
We show in a simple—but robust—theoretical monetary exchange rate model that the sign of the covariance between an...

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