Macroeconomics 11th Edition by Michael Parkin

تمرين 28

After you have studied Reading Between the Lines on pp. 232-233, answer the following questions.
a. What happened to the U.S. dollar in August 2012?
b. What could the Fed have done to stop the fall in the dollar
c. What could the European Central Bank have done that might have stopped the euro from rising
d. How does the Bank of Japan (BoJ) enter the story of the U.S. dollar-euro exchange rateAlthough the BoJ didn't and wasn't expected to make any policy changes, why does that matter for the U.S dollar and the euro
e. If the dollar continues its downward slide against the euro, what do you predict will be the consequences for U.S. and European inflation rates