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Monetary Policy in Small Open Economies: The Role of Exchange Rate Rules - Review

Understanding the costs and benefits of alternative monetary policy rules is important for economic welfare. Within the context of a small open economy model and building on the work of Mihov and Santacreu (2013), the author analyzes the economic implications of two monetary policy rules.

research.stlouisfed.org/.../

The Economic Fundamentals of Emerging Market Volatility - Economic Synopses

Countries with weaker economic fundamentals experienced higher currency volatility and capital flows.

research.stlouisfed.org/.../2015/01/30/the-economic-fundamentals-of-emerging-market-volatility

The Greek Debt Crisis: What Are the Potential Scenarios Going Forward? - Economic Synopses

Sound macroeconomic policies are key to preventing solvency crises in a currency union.

research.stlouisfed.org/.../the-greek-debt-crisis-what-are-the-potential-scenarios-going-forward

Long-Run Economic Effects of Changes in the Age Dependency Ratio - Economic Synopses

A decrease in the labor force and an increase in the elderly population could slow economic growth.

research.stlouisfed.org/.../09/02/long-run-economic-effects-of-changes-in-the-age-dependency-ratio

Demand-Supply Imbalance during the COVID-19 Pandemic: The Role of Fiscal Policy - Review

To mitigate the health and economic fallout from the COVID-19 pandemic, governments worldwide engaged in massive fiscal support programs. We show that generous fiscal support is associated with an increase in the demand for consumption goods during the pandemic, but industrial production did not adjust quickly enough to meet the sharp increase in demand.

research.stlouisfed.org/.../