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The only way that we can reduce our financial dependence on the inflow of funds from the rest of th
The only way that we can reduce our financial dependence on the inflow of funds from the rest of th
The only way that we can reduce our financial dependence on the inflow of funds from the rest of th
The only way that we can reduce our financial dependence on the inflow of funds from the rest of th
The only way that we can reduce our financial dependence on the inflow of funds from the rest of th
The only way that we can reduce our financial dependence on the inflow of funds from the rest of th
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Martin Feldstein:
The good news is that a competitive dollar in the global market and a strong dollar at home are comMartin Feldstein:
But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fellMartin Feldstein:
The more competitive value of the dollar turned around the trade deficit.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 dMartin Feldstein:
But because we in the United States finance our current account deficit by borrowing in our own curMartin 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 that