The exchange rate is sometimes called the most important price in a highly globalized world. A country's choice of its exchange rate regime, between government-managed fixed rates and market-determined floating rates has significant implications for monetary policy, trade, and macroeconomic outcomes, and is the subject of both academic and policy debate. In this book, two leading economists examine the operation and consequences of exchange rate regimes in an era of increasing international interdependence.
Please join Ginn Library as we present Professor Klien discussing this new book, Friday, December 4 from 2:30pm 4:00pm in the Ginn Library Reading Room.
Michael W. Klein is the William L. Clayton Professor of International Economics Affairs at the Fletcher School, Tufts University. He is the coauthor of Job Creation, Job Destruction, and International Competition and the author of Mathematical Models for Economics. Jay C. Shambaugh, who graduated from Fletcher in 1996, is Associate Professor of Economics at Dartmouth College and is currently a Staff Economist at the Council of Economic Advisors.