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Comments on: On “currency wars” http://www.tvhe.co.nz/2012/09/06/on-currency-wars/ The Visible Hand in Economics Wed, 19 Sep 2012 21:38:15 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Reframing the monetary policy debate: Some notes | The Dismal Science http://www.tvhe.co.nz/2012/09/06/on-currency-wars/#comment-39949 Wed, 19 Sep 2012 21:38:15 +0000 http://www.tvhe.co.nz/?p=7506#comment-39949 […] all involved in Quantitative Easing – which is a form of monetary policy.  We discussed this issue here and here.  QE is not “beggar thy neighbour”, it is an easing of monetary policy […]

]]> By: Matt Nolan http://www.tvhe.co.nz/2012/09/06/on-currency-wars/#comment-39895 Thu, 06 Sep 2012 21:45:00 +0000 http://www.tvhe.co.nz/?p=7506#comment-39895 In reply to Simeon Pilgrim.

What can I say, I like to figure out what the questions should be – I’m not so good at figuring out the good answers 😉

]]> By: Matt Nolan http://www.tvhe.co.nz/2012/09/06/on-currency-wars/#comment-39894 Thu, 06 Sep 2012 21:44:00 +0000 http://www.tvhe.co.nz/?p=7506#comment-39894 In reply to billbennett.

Haha, good question.

Like all prices they can be the result of multiple things. If overseas monetary policy is simply consistent with their inflation mandate, then a lift in the NZ dollar is required to prevent monetary conditions in NZ from easing right (as foreign lenders would undercut current lenders to meet investment demand).

So a higher dollar in this context represents the fact that NZ is expected to perform a lot more strongly than overseas countries. It is either that, or we may believe that monetary conditions in NZ are too tight.

It is only excessive “currency intervention” when it involves explicit capital controls, or a willingness to run inflation past the target – in a way that is inconsistent with dealing with the ZLB.

]]> By: Simeon Pilgrim http://www.tvhe.co.nz/2012/09/06/on-currency-wars/#comment-39893 Thu, 06 Sep 2012 19:30:00 +0000 http://www.tvhe.co.nz/?p=7506#comment-39893 In reply to billbennett.

Yes that why I load the page after reading this in my feed reader, to find the answer….

]]> By: » TVHE | On “currency wars” http://www.tvhe.co.nz/2012/09/06/on-currency-wars/#comment-39892 Thu, 06 Sep 2012 09:38:07 +0000 http://www.tvhe.co.nz/?p=7506#comment-39892 […] TVHE | On “currency wars” Go to this article […]

]]> By: billbennett http://www.tvhe.co.nz/2012/09/06/on-currency-wars/#comment-39891 Thu, 06 Sep 2012 03:34:00 +0000 http://www.tvhe.co.nz/?p=7506#comment-39891 “Let’s use it like any other price, and try to understand what it is telling us.”

What is it telling us….?

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