Focal Interest
Focal Interest

Surprise

  1. U.S. rate cuts appreciated the dollar during the Great Recession
    Forward guidance monetary policy easings appreciated the dollar during the Great Recession through flight-to-safety effects and inflation expectations, contradicting interest rate parity.
  2. Affective surprise enhanced memory for temporal context
    Affective surprise—deviations in expected emotional states—enhances binding of items to temporal contexts in episodic memory, functioning as a learning signal independent of valence direction.