We study the impact of the global financial crisis on the equilibrium exchange rate of the US dollar. We first simulate … the impact of the crisis on the US net foreign asset position. Then, we calculate the equilibrium value of the dollar … even more acute than before the crisis. This suggests that the strength of the dollar in late 2008 and early 2009 may be …

A “lost decade” refers to an extended period of low or negative growth triggered by an economic crisis and that could … have been avoided by the use of efficient crisis policies. The risk to the world’s developed economies of a lost decade was … highlighted early on in the 2007-2008 crisis. Now, five years on from the severe recession of 2009, the risk appears much more of …