…some of the assumed benefits of an inflationary policy—especially an inflationary policy in an environment with a relatively low savings rate—do not accrue to the country whose currency is the…

by divorced one like Bush The OCC is: Office of the Comptroller of the Currency The OCC was established in 1863 as a bureau of the U.S. Department of the…

…the middleman.’ Not only does the Treasury no longer issue the currency, but they also no longer have any control over how much debt backed currency the Fed can now…

…in dollars to get a chart of the way a gold based currency would behave. Rdan thoughtfully inverted said chart (labels and all) and asked me to write up whatever…

…get around the impact of currency changes. I’m just warning to not expect too much from currency changes. you are liable to be disappointed. Maybe we need to get a…

…I think that the FRBNY paper is a classic example of Stage Three of Rudi Dornbush’s famous “Five Stages of Currency Overvaluations,” which Brad DeLong wrote about in a recent…

…Chinese are doing, and yet Congress could care less about these other currency “manipulators.” In fact, in targeting China alone, one wonders if some members of Congress strictly have a…

…as Chinese aggregate demand whereas a revaluation of the Chinese currency is more likely to cause expenditure-switching away from Chinese production and towards production in other nations such as the…

The BIS today issued the March edition of The BIS Quarterly Review. One of the interesting statistics contained in it is the fraction of foreign currency assets owned by international…

…Three of Rudi Dornbush’s famous “Five Stages of Currency Overvaluations,” which Brad DeLong wrote about in a recent piece for Business World Online. Simply replace “currency overvaluation” with “house price…