Structural exchange rate modeling has proven extremely difficult during the recent post-1973 float. The disappointment climaxed with the papers of Meese and Rog

Variations in the foreign exchange market influence all aspects of the world economy, and understanding these dynamics is one of the great challenges of interna

This book collects together the basic documents of an approach to the theory and policy of the balance of payments developed in the 1970s. The approach marked a

This volume grew out of a National Bureau of Economic Research conference on exchange rates held in Bellagio, Italy, in 1982. In it, the world's most respected

Determining the magnitude and speed of the exchange rate passthrough (ERPT) to inflation has been of paramount importance for policy-makers in developed and eme