In the context of a flexible-price monetary exchange rate model and the assumption of uncovered interest parity, we obtain a measure of the fundamental determinant of exchange rates. Daily data for the European Monetary System are used to explore the importance of nonlinearities in the...

"This volume collects the Working Papers prepared by William R. Cline and issued by Economics International, Inc., in 2018 through 2021. Chapter 1 argues that US median incomes have grown faster than generally recognized. Chapter 2 provides new estimates of US job losses from the China Shock to...

In the context of a flexible-price monetary exchange rate model and the assumption of uncovered interest parity, we obtain a measure of the fundamental determinant of exchange rates. Daily data for the European Monetary System are used to explore the importance of non-linearities in the...