We report the fabrication of polycrystalline Fe/MnPd bilayers, which show t
he exchange-bias effects. We show that the exchange-bias effect, described
by unidirectional anisotropy, is also accompanied by induced uniaxial and f
ourfold in-plane anisotropy contributions in the system. Using the Stoner-W
ohlfarth model, all in-plane anisotropy contributions to the total free ene
rgy are determined for the polycrystalline samples from the fit of the in-p
lane angular dependence of H-eb and the coercivity H-c. A mechanism explain
ing the presence of the induced higher-order anisotropy contributions in an
exchange-bias system is proposed.