In 2001, the Bush Administration set in motion the machinery to impose tariffs on steel imports. The purported reason was to secure fast track (trade negotiating) authority. How does that gamble look five years later?
Author Archives: Menzie Chinn
Exchange rate pass through and dollar decline
Is there a direct relationship running from a change in the dollar’s value and import and export prices and thence to consumer prices?
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