Jay C. Shambaugh
GEORGE WASHINGTON UNIVERSITY. Professor of Economics and International Affairs. Areas of research are macroeconomics and international economics.

China’s Exchange Rate Policy (VIDEO)

May 6, 2019
This conversation was recorded on December 13, 2018.

The Issue:

China has been moving from an exchange rate regime in which the yuan was pegged to the U.S. dollar to one in which the relationship between the two currencies is somewhat looser. But the path to this transformation has been bumpy. The difficulties

...
Read more

How Fast Did the Economy Grow Last Year?

March 5, 2019

The Issue:

The growth of Gross Domestic Product (GDP) is one of the most visible measures of economic performance. There are concerns with GDP as a measure of well-being: for example, it does not include non-market production that people value (such as parents caring for children or charitable work) nor does it

...
Read more

The Decline in the Dollar

June 2, 2017

The Issue:

The dollar got stronger (appreciated) against the currencies of its major trading partners in the immediate wake of the election of President Trump. This reflected the market’s view of the expected effects of policies advocated by Candidate Trump, such as tax cuts, infrastructure spending, and higher ...
Read more