Skip to main content
  • Richard H. Clarida and Daniel Waldman, Asset Prices and Monetary Policy (University of Chicago Press, 2008), chap. 9, https://www.nber.org/books-and-chapters/asset-prices-and-monetary-policy/bad-news-about-inflation-good-news-exchange-rate-and-if-so-can-tell-us-anything-about-conduct.

Published From Paper

- Working Paper
We show in a simple—but robust—theoretical monetary exchange rate model that the sign of the covariance between an...

More from the NBER

In addition to working papers, the NBER disseminates affiliates’ latest findings through a range of free periodicals — the NBER Reporter, the NBER Digest, the Bulletin on Health, and the Bulletin on Entrepreneurship — as well as online conference reports, video lectures, and interviews.

2026, 18th Annual Feldstein Lecture, Mark Duggan, "Social Security Reform in an Era of Fiscal Deficits" Primary tabs
  • Feldstein Lecture
Mark Duggan, who is currently the Wayne and Jodi Cooperman Professor of Economics at Stanford University and will soon...
SI 2026 Methods Lecture
  • Methods Lectures
Research Associate Melissa Dell of Harvard University and Ashesh Rambachan of MIT delivered the 2026 Methods...