Monetary policy credibility and exchange rate pass-through: Some evidence from emerging countries

TL;DR: Tradable and nontradable goods complementarity affects exchange rates and monetary policy. It amplifies the effect of changes in relative money supplies and creates additional spillover effects from changes in the foreign money supply to domestic consumption.

TL;DR: In this paper, an older economist who has lived through many cycles of intellectual fashion (and of general waves of optimism and pessimism) has had more occasion to rethink the ways of approaching the economic problems of the world than those of you who have the enviable misfortune of being younger.

TL;DR: In this paper, the authors show that the interest rate on the Federal Funds is extremely informative about future movements of real macroeconomic variables and argue that the reason for this forecasting success is that the funds rate sensitively records shocks to the supply of bank reserves; that is, the Fed Funds rate is a good indicator of monetary policy actions.

TL;DR: This article analyzed the behavior of exchange rates, reserves, monetary aggregates, interest rates, and commodity prices across 154 exchange rate arrangements to assess whether official labels' provide an adequate representation of actual country practice.

TL;DR: This article developed a novel system of re-classifying historical exchange rate regimes, which leads to a stark reassessment of the post-war history of exchange rate arrangements and suggests that exchange rate arraignments may be quite important for growth, trade and inflation.