This PDF is a selection from a published volume from the National Bureau of Economic Research Volume Title: NBER International Seminar on Macroeconomics 2010 Volume Author/Editor: Richard Clarida and Francesco Giavazzi, organizers Volume Publisher: University of Chicago Press Volume ISBN: 978-0-226-10736-3 (cloth); 0-226-10738-8 (paper) Volume URL: http://www.nber.org/books/clar10-1 Conference Date: June 18-19, 2010 Publication Date: September 2011 Chapter Title: Comment on "Currency Carry Trades" Chapter Authors: Robert E. Cumby Chapter URL: http://www.nber.org/chapters/c12217 Chapter pages in book: (p. 389 - 394)