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This introduction to the major topics of international monetary economics concentrates on the concepts and relationships involving exchange rates and ...
Theory and Policy
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The paper presents a measure of monetary impulse that is intended to reflect the medium-term inflationary implications of a nation’s current monetar...
Much recent analysis of international monetary and fiscal policy issues, such as the choice of an exchange-rate regime or the design of a policy coord...
"It is well known that the concept of "determinacy" -- a single stable solution -- plays a major role in contemporary monetary policy analysis. But wh...
This paper considers whether 'liquidity trap' issues have important bearing on the desirability of inflation targeting as a strategy for monetary poli...
Some Critical Issues
Tradeoffs in the 1970s
The purpose of this paper is to review and evaluate the most important existing criticisms of policy strategies that feature adherence to money stock ...
The paper presents a measure of monetary impulse that is intended to reflect the medium-term inflationary implications of a nation`s current monetary ...