{"id":"https://openalex.org/W1596731385","doi":"https://doi.org/10.20955/wp.2005.031","title":"Identifying the Effects of U.S. Intervention on the Levels of Exchange Rates","display_name":"Identifying the Effects of U.S. Intervention on the Levels of Exchange Rates","publication_year":2005,"publication_date":"2005-01-01","ids":{"openalex":"https://openalex.org/W1596731385","doi":"https://doi.org/10.20955/wp.2005.031","mag":"1596731385"},"language":"en","primary_location":{"id":"doi:10.20955/wp.2005.031","doi":"https://doi.org/10.20955/wp.2005.031","is_oa":true,"landing_page_url":"https://doi.org/10.20955/wp.2005.031","pdf_url":"https://s3.amazonaws.com/real.stlouisfed.org/wp/2005/2005-031.pdf","source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Federal Reserve Bank of St. Louis","raw_type":"report"},"volume":null,"type":"report","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://s3.amazonaws.com/real.stlouisfed.org/wp/2005/2005-031.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5082876696","display_name":"Christopher J. Neely","orcid":"https://orcid.org/0000-0003-2852-9419","observed_orcids":["https://orcid.org/0000-0003-2852-9419","https://orcid.org/0000-0002-4257-6900"]},"institutions":[{"id":"https://openalex.org/I77793887","display_name":"Federal Reserve Bank of St. Louis","ror":"https://ror.org/02skhjj30","country_code":"US","type":"other","lineage":["https://openalex.org/I1317239608","https://openalex.org/I77793887"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Christopher J. Neely","raw_affiliation_strings":["Research Officer , Research Department Federal Reserve Bank of St. Louis P.O. Box 442 St. Louis , MO 63166","Federal Reserve Bank of St Louis Research Division"],"raw_orcid":"https://orcid.org/0000-0003-2852-9419","affiliations":[{"raw_affiliation_string":"Research Officer , Research Department Federal Reserve Bank of St. Louis P.O. Box 442 St. Louis , MO 63166","institution_ids":["https://openalex.org/I77793887"]},{"raw_affiliation_string":"Federal Reserve Bank of St Louis Research Division","institution_ids":["https://openalex.org/I77793887"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5082876696"],"corresponding_institution_ids":["https://openalex.org/I77793887"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":13,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9136000275611877,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9136000275611877,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.07810000330209732,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.003599999938160181,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/central-bank-intervention","display_name":"central bank intervention","score":0.800000011920929},{"id":"https://openalex.org/keywords/exchange-rates","display_name":"exchange rates","score":0.9110000133514404},{"id":"https://openalex.org/keywords/nonlinearity","display_name":"nonlinearity","score":0.8029999732971191},{"id":"https://openalex.org/keywords/macroeconomic-announcements","display_name":"macroeconomic announcements","score":0.7239999771118164},{"id":"https://openalex.org/keywords/identification-assumptions","display_name":"identification assumptions","score":0.6190000176429749}],"concepts":[{"id":"https://openalex.org/C2780665704","wikidata":"https://www.wikidata.org/wiki/Q959298","display_name":"Intervention (counseling)","level":2,"score":0.41581082344055176},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3882138729095459},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.243892103433609},{"id":"https://openalex.org/C118552586","wikidata":"https://www.wikidata.org/wiki/Q7867","display_name":"Psychiatry","level":1,"score":0.0769335925579071}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.20955/wp.2005.031","doi":"https://doi.org/10.20955/wp.2005.031","is_oa":true,"landing_page_url":"https://doi.org/10.20955/wp.2005.031","pdf_url":"https://s3.amazonaws.com/real.stlouisfed.org/wp/2005/2005-031.pdf","source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Federal Reserve Bank of St. Louis","raw_type":"report"},{"id":"doi:10.2139/ssrn.905580","doi":"https://doi.org/10.2139/ssrn.905580","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.905580","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:RePEc:fip:fedlwp:2005-031","doi":null,"is_oa":false,"landing_page_url":"http://research.stlouisfed.org/wp/2005/2005-031.pdf","pdf_url":"http://research.stlouisfed.org/wp/2005/2005-031.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"preprint"}],"best_oa_location":{"id":"doi:10.20955/wp.2005.031","doi":"https://doi.org/10.20955/wp.2005.031","is_oa":true,"landing_page_url":"https://doi.org/10.20955/wp.2005.031","pdf_url":"https://s3.amazonaws.com/real.stlouisfed.org/wp/2005/2005-031.pdf","source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Federal Reserve Bank of St. Louis","raw_type":"report"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1596731385.pdf","grobid_xml":"https://content.openalex.org/works/W1596731385.grobid-xml"},"referenced_works_count":60,"referenced_works":["https://openalex.org/W169174677","https://openalex.org/W1482241473","https://openalex.org/W1488631316","https://openalex.org/W1492454843","https://openalex.org/W1505455137","https://openalex.org/W1506752023","https://openalex.org/W1537314729","https://openalex.org/W1543137830","https://openalex.org/W1554595003","https://openalex.org/W1571079390","https://openalex.org/W1599899511","https://openalex.org/W1608821425","https://openalex.org/W1811963277","https://openalex.org/W1979404876","https://openalex.org/W1984014608","https://openalex.org/W1986156010","https://openalex.org/W1996610237","https://openalex.org/W2015786568","https://openalex.org/W2017082288","https://openalex.org/W2019459021","https://openalex.org/W2024375196","https://openalex.org/W2025794830","https://openalex.org/W2042392749","https://openalex.org/W2042853919","https://openalex.org/W2064376073","https://openalex.org/W2083485815","https://openalex.org/W2084794551","https://openalex.org/W2085647375","https://openalex.org/W2094592857","https://openalex.org/W2096717542","https://openalex.org/W2098910318","https://openalex.org/W2102236934","https://openalex.org/W2128394612","https://openalex.org/W2134182509","https://openalex.org/W2138412172","https://openalex.org/W2142714803","https://openalex.org/W2146855196","https://openalex.org/W2147095859","https://openalex.org/W2158318450","https://openalex.org/W2158841288","https://openalex.org/W2171398041","https://openalex.org/W2254334437","https://openalex.org/W2330431825","https://openalex.org/W2337622621","https://openalex.org/W2506088817","https://openalex.org/W2886738124","https://openalex.org/W3121671649","https://openalex.org/W3121715468","https://openalex.org/W3121726158","https://openalex.org/W3121861632","https://openalex.org/W3123141689","https://openalex.org/W3123336324","https://openalex.org/W3124682187","https://openalex.org/W3125094895","https://openalex.org/W3125243066","https://openalex.org/W3125507388","https://openalex.org/W3150613547","https://openalex.org/W4298065017","https://openalex.org/W4300472578","https://openalex.org/W4302408196"],"related_works":["https://openalex.org/W2244394641","https://openalex.org/W7161850428","https://openalex.org/W1993578859","https://openalex.org/W2736672159","https://openalex.org/W1483910647","https://openalex.org/W7097304467","https://openalex.org/W7011614850","https://openalex.org/W2768934658","https://openalex.org/W3023050379","https://openalex.org/W1608802450"],"abstract_inverted_index":{"Most":[0],"intervention":[1,31,54,62],"studies":[2],"have":[3],"been":[4],"silent":[5],"on":[6,23,75],"the":[7,11,17,28,33,39,49,53,59,68],"assumed":[8],"structure":[9,51],"of":[10,30,35,42,52,58,61,70],"economic":[12],"system-implicitly":[13],"imposing":[14],"implausible":[15],"assumptions-despite":[16],"fact":[18],"that":[19,64],"inference":[20,73],"depends":[21,74],"crucially":[22],"such":[24],"issues.This":[25],"paper":[26],"identifies":[27],"cross-effects":[29],"and":[32,48,80],"level":[34],"exchange":[36,71],"rates":[37],"using":[38],"likely":[40],"timing":[41],"intervention,":[43],"macroeconomic":[44],"announcements":[45],"as":[46],"instruments":[47],"nonlinear":[50],"reaction":[55],"function.Proper":[56],"identification":[57,83],"effects":[60],"indicates":[63],"it":[65],"effectively":[66],"changes":[67],"levels":[69],"rates.Such":[72],"careful":[76],"attention":[77],"to":[78],"nonlinearity":[79],"seemingly":[81],"innocuous":[82],"assumptions.":[84]},"counts_by_year":[{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}