The National Science Foundation recently awarded Charles Engel, Professor of Economics and WAGE Affiliate, over $274,000 to explore “Exchange Rates, Monetary Policy, and Trade Policy.”  Professor Engel will examine to what extent economic performance can be improved if monetary policy pays attention to exchange rates as well as analyze the short-run cyclical effects of tariffs and trade policy. From 2005-2008, Dr. Engel led WAGE’s research collaborative on Current Account Sustainability.