Is there a direct relationship running from a change in the dollar’s value and import and export prices and thence to consumer prices?
Author Archives: Menzie Chinn
Energy futures as predictors
Many publications use energy futures as proxy measures for market expectations of future energy prices. Does this procedure make sense?
Is dollar depreciation a separate policy channel for trade balance adjustment?
The dollar is on the decline…more or less. Will this cause the long awaited adjustment?
March 2006 trade balance figures
Oil imports in the spotlight
The portfolio balance effect and reserve diversification
Implications from the debate over the Renminbi. And the Won. And the…
Interpreting and Re-interpreting Meese-Rogoff
What the Meese-Rogoff papers do and don’t say, and the implications for empirical exchange rate modeling
Another Reason for Reducing Oil Dependence
The macroeconomic implications of high oil imports
New research on the current account adjustment process
Insights on how global current account imbalances might be resolved
New Research on the Sources of Current Account Deficits
Some excerpts from a recent conference on Current Account Sustainability in Major Advanced Economies
The Debate over the Impact of the Budget Deficit on the Current Account Deficit
What does the empirical literature say?