Our diagram includes the use of monetary policy, FX intervention, capital controls, and domestic macroprudential measures. It has four panels to explore four key trade-offs related to import ...

Rudy Sulgan / Getty Images When it comes to influencing macroeconomic outcomes, governments have typically relied on one of two primary courses of action: fiscal policy or monetary policy.

we apply the Pooled Mean Group methodology to determine the similarity of the impact of a selected set of macroeconomic indicators on the real exchange rate in each country. Our empirical evidence ...