Tagged: exchange rates

RBNZ gives its frame for the debate on manufacturing and the exchange rate! - The Dismal Science

Matt Nolan Feb 21, 2013

Excellent.  The RBNZ has come out and discussed what is going on with manufacturing, what monetary policy can achieve, and the fundamental point that any “failure” stems from distortions in the domestic economy – not from flexible inflation targeting. Globalisation, outsourcing, and international supply chains, along with competition from low cost producers and rising global [...] … Read More