tag:blogger.com,1999:blog-1331441403058020963.post8206328885439060615..comments2024-03-28T06:49:24.930-04:00Comments on International Political Economy at the University of North Carolina: Passing the Buck to Square the CircleThomas Oatleyhttp://www.blogger.com/profile/14092437150746625670noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1331441403058020963.post-58563437743514326372007-10-30T23:39:00.000-04:002007-10-30T23:39:00.000-04:00a question related to this post,LeMonde today had ...a question related to this post,<BR/><BR/><A HREF="http://www.lemonde.fr/web/article/0,1-0@2-3232,36-972654,0.html" REL="nofollow">LeMonde</A> today had a long op-ed on the European reponse to the high Euro and in it the author claimed that "La politique de change américaine est du seul ressort de la Maison Blanche, la Fed n'ayant pas son mot à dire sur le sujet." (Exchange rate policy is a White House resort only, the Fed does not say a thing about this).<BR/><BR/>This confuses me. I thought interest rates were the main leverage of nations to impact exchange rates and those are clearly left to the Fed. So how can the White House be responsible for the exchange rate if they cannot regulate it in anyway?Benjamin Thomas Sutpenhttps://www.blogger.com/profile/07657026660772257313noreply@blogger.comtag:blogger.com,1999:blog-1331441403058020963.post-6254507189679086222007-10-12T08:29:00.000-04:002007-10-12T08:29:00.000-04:00and all exchange students are performing celebrato...and all exchange students are performing celebratory dance moves...Benjamin Thomas Sutpenhttps://www.blogger.com/profile/07657026660772257313noreply@blogger.com