Global Institute working papers

Working papers from the Global Institute provide critical insights on trade, immigration, and other major international issues, along with in-depth analysis of monetary policy challenges affecting the U.S. economy and its deep financial and economic ties with Mexico.

Working Paper
Offshore Dollar Funding Shocks and the Dollar Exchange Rate
This paper proposes a model with limited CIP and UIP arbitrage where the CIP deviation and exchange rate are jointly determined by equilibrium in the swap and spot FX markets.
December 15, 2023
Working Paper
Just Do IT? An Assessment of Inflation Targeting in a Global Comparative Case Study
This paper introduces novel measures to assess the effectiveness of inflation targeting (IT) and examines its performance across a broad sample of advanced economies (AEs) and emerging market and developing economies (EMDEs).
November 05, 2022