Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper jointly analyzes the optimal conduct of monetary policy, foreign exchange intervention, fiscal policy, ...

This is a preview. Log in through your library . Abstract Building on Ricardo's two-sector corn model (Pasinetti, 1960), the paper develops a classical alternative to the standard neoclassical ...

What explains the central role of the dollar in world trade? Will the US currency retain its dominant status in the future? This paper develops a quantitative general equilibrium framework with ...

Many situations in economics are complicated and competitive. New research raises the question of whether many theories in economics may suffer from the very fundamental problem that the key ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper proposes a network model of multilaterally equilibrium exchange rates. The model introduces a topological ...

Learn how overshooting impacts exchange rate volatility and why Dornbusch’s model is pivotal in explaining the short-term departure from price equilibrium.

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Nash equilibrium is a game theory state where a change in one participant's ...

I have observed and appreciated Olivier Blanchard’s intellectual journey over the last decade. It began in August 2008, with what must be regarded as one of the worst-timed papers in the history of ...