Heterodox
by George Dorgan
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Summary:
George Dorgan explains why currencies of countries with trade surpluses must appreciate over the long-term. Thanks to these surpluses, inflation and costs of companies rise more slowly than in other countries. In Forex a mean reversion does not exist, but only an inflation-adjusted reversion to the mean: a real exchange rate mean reversion or in short the "real mean reversion."
Topics:
George Dorgan considers the following as important: currencies, Featured, FX Theory, inflation-adjusted, Interest Rate Parity, mean reversion, Penn Effect, real exchange rate mean
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George Dorgan explains why currencies of countries with trade surpluses must appreciate over the long-term. Thanks to these surpluses, inflation and costs of companies rise more slowly than in other countries. In Forex a mean reversion does not exist, but only an inflation-adjusted reversion to the mean: a real exchange rate mean reversion or in short the "real mean reversion."George Dorgan explains why currencies of countries with trade surpluses must appreciate over the long-term. Thanks to these surpluses, inflation and costs of companies rise more slowly than in other countries. In Forex a mean reversion does not exist, but only an inflation-adjusted reversion to the mean: a real exchange rate mean reversion or in short the "real mean reversion."
Topics:
George Dorgan considers the following as important: currencies, Featured, FX Theory, inflation-adjusted, Interest Rate Parity, mean reversion, Penn Effect, real exchange rate mean
This could be interesting, too:
Robert Skidelsky writes Lord Skidelsky to ask His Majesty’s Government what is their policy with regard to the Ukraine war following the new policy of the government of the United States of America.
Robert Skidelsky writes House of Lords Speech – Ukraine: “A wake up call” (International Relations and Defence Committee Report)
Robert Skidelsky writes Speech in the House of Lords – Conduct Committee
Robert Skidelsky writes The American Conservative – Why Is the UK So Invested in the Russia–Ukraine War?