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22 November 2024 FX | Monetary Policy & Inflation

Ep. 243: Charles Engel on Currency Models, Carry Trades and Capital Flows

Bilal Hafeez

By Bilal Hafeez
1 min read

Charles Engel is Donald Hester Professor of Economics at the University of Wisconsin. He is also a Research Associate at the National Bureau of Economic Research and a Research Fellow at the Centre for Economic Policy Research. He has been a consultant to the Dallas and Chicago branches of the U.S. Federal Reserve, the European Central Bank, and the Bank of England. Charles is an international economist whose research focuses on exchange rates, currency unions, and the international coordination of monetary policy. In this podcast we discuss:

The standard model to explain FX movements
Relationship between inflation and FX
The importance of safe-haven and liquidity demand for dollar
Why enhanced FX models have performed better in recent decades
Central bank credibility
Why does the FX carry trade work?
Can we forecast FX?
How quantitative easing and tightening impacts capital flows
What the Fed and ECB care about on international markets
Book mentioned: Economics (Samuelson), What We Talk About When We Talk About Love (Carver)

You can follow Charles on his personal website.

Make sure to subscribe to the show on Apple, Spotify, YouTube, or wherever you go for your podcasts. You can follow us on Twitter and LinkedIn.

(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)

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