Is it true that floating exchange rates protect the economy from the consequences of “sudden stops” in capital flows,[i] and grant policymakers greater flexibility in both managing demand and ...

The macroeconomic literature contains certain relationships and tautologies linking inflation, interest rates and the exchange rate which are very useful. For example, we have the well-known ...

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The Economic Issues series was inaugurated in September 1996. Its aim is to make some of the economic research being produced in the International Monetary Fund on topical issues accessible to a broad ...

Journal Editorial Report: The week's best and worst from Kim Strassel, Kyle Peterson and Dan Henninger. Images: CNP/Zuma Press/Shutterstock/ Composite: Mark Kelly Nobel economics laureate Robert ...

The Review of Economics and Statistics, Vol. 95, No. 1 (March 2013), pp. 168-184 (17 pages) It is often asserted that a flexible exchange rate regime would facilitate current account adjustment. Using ...

After Japan’s bubble economy burst in the late 1980s and interest rates were subsequently slashed, carry trades and overseas investment boomed. As the Bank of Japan starts to raise Japan’s ...

After many years in which the US consistently pushed China to move in the direction of a market-determined exchange rate, the Trump Administration is now pushing China to effectively fix its exchange ...