The more competitive value of the dollar turned around the trade deficit.

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• Martin Feldstein:

  Domestic inflation reflects domestic monetary policy.

• Martin Feldstein:

  In short, both experience and economic theory imply that the US could now t to a more competitive d

• Martin Feldstein:

  But because we in the United States finance our current account deficit by borrowing in our own cur

• Martin Feldstein:

  An increase in the relative price of products from the low wage manufacturers in Asia and Latin Ame

• Martin Feldstein:

  Although economists have studied the sensitivity of import and export volumes to changes in the exc

• Martin Feldstein:

  After all, an overvalued dollar gives us the ability to buy foreign goods at lower prices. And the

• Martin Feldstein:

  But the primary reason for wanting the dollar to become more competitive in the near future is that

• Martin Feldstein:

  Even if the dollar does decline during the coming months, the delays in the response of exports and

• Martin Feldstein:

  If the Federal Reserve pursues a strong dollar at home while the dollar becomes more competitive in

• Martin Feldstein:

  A rise in the level of saving can reduce aggregate activity temporarily but only a sustained high l