The optimality of free trade: science or religion?

Article Abstract:

US support for free trade declined in the mid-1908s as foreign competitors successfully challenged domestic industries. A new trade theory developed that supported the need to maximize national income, was highly applicable to high-technology industries and was modeled using tools of industrial organization theory. Policy applications of traditional and new trade theory require differing leaps of faith. The new trade theory has not overcome economists' traditional reluctance to apply scientific theory in the real world.

Admin. of general economic programs, Noncommercial research organizations, Free trade

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Micro effects of macro announcements: real - time price discovery in foreign exchange

Article Abstract:

Price discovery in the context of foreign exchange is examined. In this context, exchange-rate conditional means as opposed to conditional variances, and a new data set which spans a comparatively long time period and includes broad set of exchange rates and macroeconomic indicators is analyzed.

Science & research, Pricing Policy, Research, Pricing, Economic indicators, Product price

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Floating, fixed, or super fixed? Dollarization joins the menu of exchange-rate options

Article Abstract:

The development of dollarization as an exchange rate option is examined in detail.

Economic aspects, Dollar (United States), International finance

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