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The dollar and US manufacturing

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Author Info

  • Linda S. Goldberg
  • Keith Crockett

Abstract

U.S. manufacturing industries are becoming increasingly sensitive to changes in the international value of the dollar. A look at recent studies of exchange rate effects on industry performance suggests that the 1997-98 rise in the dollar may significantly reduce U.S. producers' profits and compel firms to scale back their investment in new plants and equipment.

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Bibliographic Info

Article provided by Federal Reserve Bank of New York in its journal Current Issues in Economics and Finance.

Volume (Year): 4 (1998)
Issue (Month): Dec ()
Pages:

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Handle: RePEc:fip:fednci:y:1998:i:dec:n:v.4no.12

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Keywords: Dollar; American ; Manufactures ; Foreign exchange rates ; Capital investments ; Production (Economic theory);

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Cited by:
  1. Michel Fouquin & Nanno Mulder & Laurence Nayman & Khalid Sekkat & Joffrey Malek Mansour, 2001. "Sector Sensitivity to Exchange Rate Fluctuations," Working Papers 2001-11, CEPII research center.

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