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March 2012 issue contents

Cover and contents

Introduction
  by Donald Coletti, Michael B. Devereux, Andrew Levin, Carl E. Walsh, and John C. Williams

Is Exchange Rate Stabilization an Appropriate Cure for the Dutch Disease?
  by Ruy Lama and Juan Pablo Medina
Discussion
  by Michael B. Devereux

DSGE Models: I Smell a Rat (and It Smells Good)
  by Jon Faust

Reserve Requirements for Price and Financial Stability: When Are They Effective?
  by Christian Glocker and Pascal Towbin
Discussion
  by Carl E. Walsh

The Federal Reserve as an Informed Foreign Exchange Trader: 1973–1995
  by Michael D. Bordo, Owen F. Humpage, and Anna J. Schwartz
Discussion
  by Kathryn Dominguez

Central Banking in an Open Economy
  by Robert G. King

Food Price Pass-Through in the Euro Area: Non-Linearities and the Role of the Common Agricultural Policy
  by Gianluigi Ferrucci, Rebeca Jiménez-Rodriguez, and Luca Onorante
Discussion
  by Tsutomu Watanabe

Tailwinds and Headwinds: How Does Growth in the BRICs Affect Inflation in the G-7?
  by Anna Lipínska and Stephen Millard
Discussion
  by Paul Beaudry

Import Prices and Inflation
  by James D. Hamilton