(noun) Causes and consequences of population characteristics, in blog form
Monday, May 23, 2011
Romer on the exchange rate
Yesterday Christina Romer provided a very helpful overview of how exchange rates work alongside monetary and fiscal policies, perfect for any student of intermediate macroeconomics. But the piece de resistance was her recounting of how, during her pre-confirmation training, Larry Summers "boomed" the mantra regarding the strong dollar being the domain of the Treasury secretary.