Living With Inflation in the United States: A New Monetary Rule for China?

Ronald I. McKinnon is the William D. Eberle Professor of International Economics at Stanford University, where he has taught since 1961. He is also a SIEPR/SCID Senior Fellow. His fields of interest are international economics and development finance. McKinnon has written over 100 articles and several books, which include: Money and Capital in Economic Development (1973); Money in International Exchange: The Convertible-Currency System (1979); The Order of Economic Liberalization: Financial Control in the Transition to a Market Economy (1993); The Rules of the Game: International Money and Exchange Rates (1996); Dollar and Yen: Resolving Economic Conflict Between the United States and Japan with Kenichi Ohno (1997); and Exchange Rates under the East Asian Dollar Standard: Living with Conflicted Virtue (2005). His books have been translated into many European and Asian languages, and he has been a consultant to central banks and finance ministries the world over—including international agencies such as the World Bank and International Monetary Fund.