International topics
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External Stability, Real Exchange Rate Adjustment and the Exchange Rate Regime in Emerging-Market Economies
In emerging-market economies, real exchange rate adjustment is critical for maintaining a sustainable current account position and thereby for helping to reduce macroeconomic and financial instability. -
Forecasting the Price of Oil
We address some of the key questions that arise in forecasting the price of crude oil. What do applied forecasters need to know about the choice of sample period and about the tradeoffs between alternative oil price series and model specifications?