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To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American a
To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American a
To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American a
To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American a
To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American a
To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American a
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Martin Feldstein:
Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividenMartin Feldstein:
The only way that we can reduce our financial dependence on the inflow of funds from the rest of thMartin 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 exc