Exchange rate movements pass through to the prices consumers pay domestically. Natalie Chen discusses how, in order to understand the relationship between exchange rates and domestic inflation, we must look beyond the bilateral exchange rates between importing and exporting countries. What is key is the exchange rate movement between the importing currency and the one in which goods are invoiced.
Video Vox
Giordano Mion 04 May 2018
Ten years on from the Global Crisis, productivity growth in the UK lags behind that in economies such as France and Germany. Giordano Mion shares his work on why this 'productivity puzzle' exists. The production capacity of manufacturers has not fallen much since 2008, but demand has faltered. This video was recorded at the 2018 RES Conference.
Rachel Griffith 02 May 2018
The UK recently introduced a 'soda tax' - a tax on the consumption of drinks with added sugar. Rachel Griffith discusses the effectiveness of such measures in reducing the consumption of sugar among children. This video was recorded at the 2018 RES Conference.
Raquel Fernández 25 April 2018
Attitudes towards women working have changed drastically in the last century. Raquel Fernández discusses her research on how a woman's decision to work is heavily influenced by culture, assessed by the beliefs passed down to children from parents.
Hélène Rey 23 April 2018
There are significant commonalities between the movements of credit aggregates, credit flows, and asset prices - referred to as the global financial cycle. Helene Rey explains how this cycle is impacted by US monetary policy. Raising interest rates by the Fed will tighten credit in dollar-dependent economies, leading to capital outflows. To withstand such impact, policymakers must employ macroprudential tools to hit their domestic targets.
Matthew Jackson 19 April 2018
Social networks are important even in developing countries. Professor Matthew Jackson of Stanford University explains the channels through which they make an economic impact, and how to improve their study in economic research.
Finn Tarp 16 April 2018
In economies like Viet Nam, policy agendas are increasingly data-driven. In this video, Finn Tarp shares five key policy goals for the country, based on data-rich household surveys. A combination of all five, including increasing productivty and innovation in and out of the agricultural sector, are needed to promote long-term growth.
12 April 2018
From technological innovation to climate change, economic policymakers face multiple challenges at the global level. In this video, eight Nobel Laureates discuss what they think are the priorities for economic research and policy in the coming years. This video was recorded for the Lindau Meeting on Economic Sciences in 2017.
Thomas Piketty 10 April 2018
Wealth inequality is a growing problem across advanced and developing countries alike. Though research on inequality is growing, much of it remains reliant on theoretical models. Thomas Piketty discusses the importance of data collection in the study of inequality, on both the academic and policy fronts.
Barry Eichengreen 06 April 2018
Problems that have recently been faced by Europe's financial system - from highly variable exchange rates to disrupted trade flows - also plagued advanced economies a century ago. Barry Eichengreen compares the problems of the Gold Standard to the European Monetary System, and the euro area.