Printer Friendly

Flexible exchange rates for a stable world economy.

9780881326277

Flexible exchange rates for a stable world economy.

Gagnon, Joseph E.

Peterson Inst. Int'l Economics

2011

265 pages

$26.95

Paperback

HG3851

The authors (a senior fellow and a research analyst with the Peter G. Peterson Institute of International Economic) examine the theory and empirical evidence concerning exchange rate policy in the advanced economies and leading emerging markets (with some attention to low-income developing economies also included), focusing on the questions surrounding the costs and benefits of flexible versus fixed rates and the proper role of the exchange rate in monetary policy. Their principal finding is that "using monetary policy to fight exchange rate volatility, including through the adoption of a fixed rate regime, leads to greater volatility of employment, output, and inflation." They defend the finding through the presentation of economic models, historical case studies, and statistical analyses.

([c]2011 Book News, Inc., Portland, OR)

COPYRIGHT 2011 Book News, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Reference & Research Book News
Article Type:Book review
Date:Dec 1, 2011
Words:147
Previous Article:Landscapes of capital; representing time, space, and globalization in corporate advertising.
Next Article:Mastering project portfolio management; a systems approach to achieving strategic objectives.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters