Does the Exchange Rate Really Affect Consumer Spending?
AbstractThis paper examines the extent to which changes in imports or exports of U.S. consumer goods and services occurs in response to a change in the exchange rate, 1960 -2000. The data used are taken from the Economic Report of the President, 2002. The findings indicate that an increase in the trade weighted exchange rate of about one percent is associated with an increase in imports of consumer goods of approximately $1 billion dollars the year after the change. The same level increase seems associated with a decline in con-sumer goods exports of about $0.75 billion dollars.
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Bibliographic InfoPaper provided by Rensselaer Polytechnic Institute, Department of Economics in its series Rensselaer Working Papers in Economics with number 0709.
Date of creation: Jul 2007
Date of revision:
Other versions of this item:
- John J Heim, 2008. "Does the Exchange Rate Really Affect Consumer Spending?," The IUP Journal of Monetary Economics, IUP Publications, vol. 0(2), pages 31-42, May.
- F00 - International Economics - - General - - - General
- F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-07-13 (All new papers)
- NEP-CBA-2007-07-13 (Central Banking)
- NEP-INT-2007-07-13 (International Trade)
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