Joe Gagnon on Currency Manipulation, Trade Imbalances, and Libra

Published: July 15, 2019, 4:30 a.m.

Joe Gagnon is a senior fellow at the Peterson Institute for International Economics where he has been since September 2009. Previously, Joe worked for the Federal Reserve Board of Governors as a senior economist and the associate director of both the Division of International Finance and the Division of Monetary Affairs, and he has also served at the US Treasury Department. \xa0Joe is a returning guest to Macro Musings and joins the show today to talk about the growing\xa0interest among U.S. politicians in managing the\xa0currency to help facilitate trade imbalances. David and Joe also discuss the policy implications of trade imbalances, the new Libra currency, and how to us countervailing currency intervention to combat currency manipulation.

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Transcript for the episode:\xa0https://www.mercatus.org/bridge/podcasts/07152019/currency-manipulation-trade-imbalances-and-libra

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Joe\u2019s Twitter: @GagnonMacro

Joe\u2019s PIIE profile: https://www.piie.com/experts/senior-research-staff/joseph-e-gagnon?author_id=653

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Related Links:

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*Currency Conflict and Trade Policy: A New Strategy for the United States* by Joe Gagnon and Fred Bergsten

https://www.piie.com/bookstore/currency-conflict-and-trade-policy-new-strategy-united-states

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*The Financial Market Effects of the Federal Reserve\u2019s Large-Scale Asset Purchases* by Joe Gagnon, Matthew Raskin, Julie Remache, and Brian Sack

https://www.ijcb.org/journal/ijcb11q1a1.htm

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*A Plan for Economic Patriotism* proposal by Elizabeth Warren

https://medium.com/@teamwarren/a-plan-for-economic-patriotism-13b879f4cfc7

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*Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?* by Ethan Ilzetzki, Carmen Reinhart, and Kenneth Rogoff*

https://www.nber.org/papers/w23134

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*Did France Cause the Great Depression* by Douglas Irwin

https://www.nber.org/papers/w16350

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David\u2019s blog: macromarketmusings.blogspot.com
David\u2019s Twitter: @DavidBeckworth