Volume 8, Issue 1

Import Prices and Inflation

James D. Hamilton

Tailwinds and Headwinds: How Does Growth in the BRICs Affect Inflation in the G-7?

Anna Lipińska and Stephen Millard

Food Price Pass-Through in the Euro Area: Non-Linearities and the Role of the Common Agricultural Policy

Gianluigi Ferrucci, Rebeca Jiménez-Rodríguez and Luca Onorante

Central Banking in an Open Economy

Robert G. King

The Federal Reserve as an Informed Foreign Exchange Trader: 1973–1995

Michael D. Bordo, Owen F. Humpage and Anna J. Schwartz

Reserve Requirements for Price and Financial Stability: When Are They Effective?

Christian Glocker and Pascal Towbin

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

Jon Faust

Is Exchange Rate Stabilization an Appropriate Cure for the Dutch Disease?

Ruy Lama and Juan Pablo Medina

Introduction

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