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by Joseph Gagnon,Marc Hinterschweiger

Author: Joseph Gagnon,Marc Hinterschweiger
Subcategory: Economics
Language: English
Publisher: Peterson Institute for International Economics (September 15, 2011)
Pages: 281 pages
Category: Perfomance
Rating: 4.9
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Joseph E. Gagnon, senior fellow at the Peterson Institute for International Economics since September 2009, was visiting . Good Book on the subject. I however disagree that flexible exchange rate will provide a stable world.

Joseph E. Gagnon, senior fellow at the Peterson Institute for International Economics since September 2009, was visiting associate director, Division of Monetary Affairs (2008-09) at the US Federal Reserve Board. Previously he served at the US Federal Reserve Board as associate director, Division of International Finance (1999-2008), and senior economist (1987-1990 and 1991-97). He has also served at the US Treasury Department (1994-95 and 1997-1999) and has taught at the University of California's Haas School of Business (1991). Gagnon (PIIE), assisted by Marc Hinterschweiger (PIIE)

Joseph E. Gagnon (PIIE), assisted by Marc Hinterschweiger (PIIE). View Sharing Options. Volatile exchange rates and how to manage them are a contentious topic whenever economic policymakers gather in international meetings. This book examines the broad parameters of exchange rate policy in light of both high-powered theory and real-world experience. What are the costs and benefits of flexible versus fixed exchange rates? How much of a role should the exchange rate play in monetary policy? Why don't volatile exchange rates destabilize inflation and output?

Joseph E. Gagnon & Marc Hinterschweiger, 2011. Flexible Exchange Rates for a Stable World Economy," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 6277, September. Handle: RePEc:iie:ppress:6277. as. HTML HTML with abstract plain text plain text with abstract BibTeX RIS (EndNote, RefMan, ProCite) ReDIF JSON. Download full text from publisher. html Download Restriction: no. Citations.

Peterson Institute for International Economics Joseph E. Gagnon with Marc Hinterschweiger Flexible Exchange Rates for a Stable World Economy Motivation Why have exchange rates remained so volatile in a globalized. Figure . Euro-dollar exchange rate dollars per euro . . Quarterly average value of euro in US dollars Daily value of euro in US dollars Sources: Datastream. This book argues that a return to fixed or tightly managed exchange rates would not serve the best interests of households or businesses or governments.

Marc Hinterschweiger. Flexible Exchange Rates for a Stable World Economy. Marc Hinterschweiger. Gagnon analyzes the impact of the widespread use of flexible rates over the past 40 years at an event . His presentation was based on his forthcoming book, Flexible Exchange Rates for a Stable World Economy. Gagnon analyzes the impact of the widespread use of flexible rates over the past 40 years at an event held at the Peterson Institute fo.

Start by marking Flexible Exchange Rates for a Stable World Economy as Want to Read . Volatile exchange rates and how to manage them are a contentious topic whenever economic policymakers gather in international meetings

Start by marking Flexible Exchange Rates for a Stable World Economy as Want to Read: Want to Read savin. ant to Read. What are the costs and benefits of flexible versus fixed exchange rates? How much of a role should the exchange Volatile exchange rates and how to manage them are a contentious topic whenever economic policymakers gather in international meetings.

Free shipping and free in-store pickup. What are the costs and benefits of flexible versus fixed exchange rates? How much of a role should the exchange rate play in monetary policy?

Flexible Exchange Rates for a Stable World Economy. Joseph E. Gagnon, Marc Hinterschweiger

Flexible Exchange Rates for a Stable World Economy. Gagnon, Marc Hinterschweiger. This book examines the broad parameters of exchange rate polic. More). Gagnon analyzes the impact of the widespread use of flexible rates over the past 40 years at an event held at the Peterson Institute for International Economics, September 19, 2011.

Volatile exchange rates and how to manage them are a contentious topic whenever economic policymakers gather in international meetings. This book examines the broad parameters of exchange rate policy in light of both high-powered theory and real-world experience. What are the costs and benefits of flexible versus fixed exchange rates? How much of a role should the exchange rate play in monetary policy? Why don't volatile exchange rates destabilize inflation and output?The principal finding of this book is that using monetary policy to fight exchange rate volatility, including through the adoption of a fixed exchange rate regime, leads to greater volatility of employment, output, and inflation. In other words, the "cure" for exchange rate volatility is worse than the disease. This finding is demonstrated in economic models, in historical case studies, and in statistical analysis of the data. The book devotes considerable attention to understanding the reasons why volatile exchange rates do not destabilize inflation and output. The book concludes that many countries would benefit from allowing greater flexibility of their exchange rates in order to target monetary policy at stabilization of their domestic economies. Few, if any, countries would benefit from a move in the opposite direction.