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| 01991nam 2200361zi 4500 |
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| 001 | 9.909478 |
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| 003 | CaOODSP |
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| 005 | 20221107181918 |
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| 006 | m o d f |
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| 007 | cr |n||||||||| |
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| 008 | 220325t20222022oncd ob f|0| 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-6/2022-6E-PDF |
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| 100 | 1 |aFeunou, Bruno, |eauthor. |
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| 245 | 10|aReal exchange rate decompositions / |cby Bruno Feunou, Jean-Sébastien Fontaine and Ingomar Krohn. |
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| 264 | 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2022. |
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| 264 | 4|c©2022 |
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| 300 | |a1 online resource (ii, 45 pages) : |bcharts. |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aStaff discussion paper = |aDocument d'analyse du personnel, |x1914-0568 ; |v2022-6 |
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| 500 | |a"Last updated: March 22, 2022." |
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| 504 | |aIncludes bibliographical references (page 45). |
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| 520 | |a"We provide a novel daily decomposition of the real exchange rate that exploits a direct link between bond and foreign exchange (FX) markets. Real exchange rate dynamics can be attributed to changes in the expected future level of the exchange rate; cross-country differentials of expected inflation, yields and bond term premia; and an FX risk premium. Through a variance decomposition exercise, we find that the FX risk premium is the dominant component. Monetary policies and macroeconomic news announcements largely move the real exchange through changes in the FX risk premium"--Abstract. |
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| 650 | 0|aForeign exchange rates. |
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| 650 | 0|aMonetary policy. |
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| 650 | 6|aTaux de change. |
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| 650 | 6|aPolitique monétaire. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff discussion paper (Bank of Canada)|x1914-0568 ; |v2022-6.|w(CaOODSP)9.806273 |
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| 856 | 40|qPDF|s1.86 MB|uhttps://publications.gc.ca/collections/collection_2022/banque-bank-canada/FB3-6-2022-6-eng.pdf |
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