Our Behavioural Equilibrium Exchange Rate (BEER) model estimates the real medium-term fair value of G10 currencies using productivity, terms of trades (the price of exports divided by the price of ...

Few issues in economics more befuddle and divide the profession than figuring out what determines exchange rates. Back when floating exchange rates clumsily emerged following the collapse of the ...

Controlling inflation is a key concern of central bankers around the world. But how best to control inflation differs across countries according to their individual characteristics; for example, small ...