This Finance survey examines that it seems likely that Japanese authorities intervened in the foreign exchange market recently to prop up the yen – see, for example: https://www.ft.com/content/455784ec-0465-46ee-8c73-fc5ce3e31c37. In such circumstances, intervention refers to purchases or sales of domestic or foreign currency without changing the monetary policy stance (a) Large-scale intervention by public authorities in currency markets can move exchange rates substantially (b) The effectiveness of foreign exchange interventions can last beyond one month
Keyword: exchange rate adjustment
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This week’s IGM Economic Experts Panel statements:
A) Implementing a "destination based cash flow tax (including border adjustment)" of the type advocated by Speaker Ryan would substantially reduce the US trade deficit within the next few years.
B) Implementing a "destination based cash flow tax (including border adjustment)" of the type advocated by Speaker Ryan would substantially raise prices for US consumers.
Compare yourself or your peers to the Clark Center Economics Experts Panel
