My July 25 op-ed for PBS NewsHour takes a critical look at the charge that China manipulates its currency for competitive advantage. The Economist magazine’s Big Mac Index says yes. My Mini Mac Index says no. You decide.-RW
I hope you find the piece of interest.
All best regards,
Benn
Wednesday, July 26, 2017
Is China Manipulating Its Currency?
Dr. Benn Steil, senior fellow and director of international economics at the Council on Foreign Relations, emails:
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Could someone please fill me in on the supposed distinction between "currency manipulation" and "monetary policy"?
ReplyDeleteIt's a function of who's doing it. China manipulates it's currency. The U.S. government engages in monetary policy.
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