Ethan Ilzetzki on the International Implications of Fed Policy, Business Cycle Theory, and the UK Crisis
Macro Musings with David Beckworth
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Do You Think the Dollar Has Appreciated So Much?
A lot of the discussion has attributed the strength of the dollar to that policy. I think as a first approximation, this is a real phenomenon rather than a monetary phenomenon. We have a major shock this year to the world economy in the form of the Russian invasion of Ukraine. And this has affected European, Japanese, UK economies much more severely than the US.
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