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But because we in the United States finance our current account deficit by borrowing in our own cur
But because we in the United States finance our current account deficit by borrowing in our own cur
But because we in the United States finance our current account deficit by borrowing in our own cur
But because we in the United States finance our current account deficit by borrowing in our own cur
But because we in the United States finance our current account deficit by borrowing in our own cur
But because we in the United States finance our current account deficit by borrowing in our own cur
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Martin Feldstein:
An increase in the relative price of products from the low wage manufacturers in Asia and Latin AmeMartin Feldstein:
Although economists have studied the sensitivity of import and export volumes to changes in the excMartin Feldstein:
After all, an overvalued dollar gives us the ability to buy foreign goods at lower prices. And theMartin Feldstein:
But the primary reason for wanting the dollar to become more competitive in the near future is thatMartin Feldstein:
Even if the dollar does decline during the coming months, the delays in the response of exports andMartin Feldstein:
If the Federal Reserve pursues a strong dollar at home while the dollar becomes more competitive inMartin Feldstein:
A rise in the level of saving can reduce aggregate activity temporarily but only a sustained high lMartin Feldstein:
Increased government spending can provide a temporary stimulus to demand and output but in the longMartin Feldstein:
I think that over the last few decades, we have seen better economic outcomes than in the past.Martin Feldstein:
Inflation is lower and more stable and the real business cycle fluctuations are more modest.