The abstract from article forthcoming in the Journal of International Money and Finance. We begin by examining determinants of aggregate foreign…
COFER data through December 2023: Figure 1: Foreign exchange reserves in JPY as share of tota reserves (blue), AUD (light…
The CBO released an updated Economic Outlook yesterday. Projected PCE inflation is higher, as are budget deficits. First drop in…
Industrial production surprises on upside (0.9% vs. 0.3% m/m), while nominal retail sales increase modestly (0.1 actual vs. 0.3% consensus).…