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(0)Robert J Barro
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Description
"Co-Winner of the Gold Medal in Economics, Axiom Business Book Awards" Rachel M. McCleary is lecturer in the Department of Economics at Harvard University. Her books include The Oxford Handbook of the Economics of Religion. Robert J. Barro is the Paul M. Warburg Professor of Economics at Harvard. His books include Education Matters: Global Schooling Gains from the 19th to the 21st Century and Economic Growth. They both live in Massachusetts.
How...
Author
Description
Currency Unions reviews the traditional case for flexible exchange rates and "countercyclical"-that is, expansionary during recessions and contractionary in booms-monetary policy, and shows how flexible exchange rate regimes can better insulate the economy from such real disturbances as terms-of-trade shocks. The book also looks at the pitfalls of flexible exchange rates-and why fixed rates, particularly full dollarization-might be a more sensible...