The onset of the COVID-19 pandemic put an abrupt end to the U.S. interlude of interest rate normalization. Low interest rates can stay low for longer than most observers expect. The Japanese ...
This Economic Letter is based on a presentation Mark Spiegel prepared for a panel on “Optimal Currency Arrangements for Emerging Market Economies: The Experience of Latin America and Asia,” organized ...
About the author: Desmond Lachman is a senior fellow at the American Enterprise Institute. He was formerly a deputy director in the International Monetary Fund’s Policy Development and Review ...
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