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Will a weaker dollar mean a stronger economy?

Tatom, Jack A. - Federal Reserve Bank of St. Louis - 1987

Persistent link: https://www.econbiz.de/10005352784

Anderson, Richard G.; Rasche, Robert H. - Federal Reserve Bank of St. Louis - 2000

This paper provides a consistent, monthly measure of the amount of the U.S. adjusted monetary base that is domestically held, and of the amount held abroad. Most macroeconomic models that address the role of outside money as a determinant of the economy's aggregate price level are closed economy...

Persistent link: https://www.econbiz.de/10005352832

To chain or not to chain trade-weighted exchange rate indexes

Coughlin, Cletus C.; Pollard, Patricia S.; Betts, Jerram C. - Federal Reserve Bank of St. Louis - 1997

Dallas index, which uses a Paasche index. The choice of base year alters the behavior ofthe dollar in these two indexes. We … contrast this result with the behavior of the dollar in comparable chain TWEXs, where the base year sensitivity is absent. Our …

Persistent link: https://www.econbiz.de/10005352839

Construction of an estimated domestic monetary base using new estimates of foreign holdings of U.S. currency

Anderson, Richard G.; Rasche, Robert H. - Federal Reserve Bank of St. Louis - 1997

This paper presents a new method to estimate the amount of U.S. currency held abroad. The method exploits the fact the Federal Reserve System is the major processor of currency for depository institutions. The method exploits differentials across denominations in the ratios of shipments to...

Persistent link: https://www.econbiz.de/10005352909

Exchange rate movements and external imbalance

Batten, Dallas S. - Federal Reserve Bank of St. Louis - 1986

Persistent link: https://www.econbiz.de/10005353018

Recent developments in monetary macroeconomics and U.S. dollar policy

Gavin, William T. - Federal Reserve Bank of St. Louis - 2005

explains what these developments mean for United States dollar policy. There is no conflict between what is appropriate U ….S. monetary policy at home or abroad because the dollar is the world's key currency. Both at home and abroad, the main problem for … U.S. policymakers is to provide an anchor for the dollar. Recent experience in other countries suggests that a solution …

Persistent link: https://www.econbiz.de/10005490999

Containing risk in the new global financial landscape

Bullard, James - Federal Reserve Bank of St. Louis - 2010

Delivered at the 19th Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies After the Crisis: Planning a New Financial Structure, New York City.

Persistent link: https://www.econbiz.de/10010727344

On the substitutability between foreign aid and international credit

Bandyopadhyay, Subhayu; Lahiri, Sajal; Younas, Javed - Federal Reserve Bank of St. Louis - 2012

We examine the effect of relaxing a binding borrowing constraint for a recipient country on theamount of foreign aid it receives. We do so by developing a two-country, two-period trade-theoretic model. The relaxation of the borrowing constraint reduces the flow of foreign aid, suggesting that...

Persistent link: https://www.econbiz.de/10010585878

Two-way capital flows and global imbalances: a neoclassical approach

Wang, Pengfei; Wen, Yi; Xu, Zhiwei - Federal Reserve Bank of St. Louis - 2012

Financial capital and fixed capital tend to flow in opposite directions between poor and rich countries. Why? What are the implications of such two-way capital flows for global trade imbalances and welfare in the long run? This paper introduces frictions into a standard two- country neoclassical...

Persistent link: https://www.econbiz.de/10010555013

International channels of the Fed’s unconventional monetary policy

Bauer, Michael D.; Neely, Christopher J. - Federal Reserve Bank of St. Louis - 2012

Previous research has established that the Federal Reserve large scale asset purchases (LSAPs) significantly influenced international bond yields. This paper analyzes the channels through which these effects occurred. We use dynamic term structure models to decompose international yield changes...

Persistent link: https://www.econbiz.de/10010569173