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Teaching modern macroeconomics at the principles level

Article Abstract:

Neoclassical economics is an appropriate way of teaching macroeconomics for students studying principles of macroeconomics.

Author: Taylor, John B.
Publisher: American Economic Association
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2000
Study and teaching, Neoclassical economics

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The role of the exchange rate in monetary-policy rules

Article Abstract:

The exchange rate is an erratic tool to use for calculating monetary policy decisions in an economy with a floating exchange rate. Considering the exchange rate does not improve inflation-targeting efficiency and in some cases work very poorly. Inflation rates often react to currency rates and are a much better indicator.

Author: Taylor, John B.
Publisher: American Economic Association
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2001
Management, Influence, Inflation (Finance), Interest rates, Monetary policy, Foreign exchange market, Inflation (Economics)

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Exchange-rate hedging: financial versus operational strategies

Article Abstract:

Multinational corporations can use operational strategies or financial hedging to minimize exposure to foreign currency fluctuations. Geographic dispersal is the primary operational strategy. Foreign currency derivatives are the primary financial hedge. This study shows that financial hedging is much more effective than operational strategies alone, and a combination of both is best.

Author: Ihrig, Jane, Weston, James P., Allayannis, George
Publisher: American Economic Association
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2001
Multinational Corporations, Statistical Data Included, Usage, International business enterprises, Hedging (Finance), Foreign exchange

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Subjects list: United States, Economics, Macroeconomics, Research, Economic aspects, Econometrics
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