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The Dollar and the Trade Deficit in the 1980s: A Personal View

  • Martin Feldstein

The sharp gyrations of the dollar and of the trade deficit in the 1980s were among the most novel and least understood economic developments of the decade. This paper, which was written as part of the NBER project on American economic policy in the 1980s, examines the reasons for the dollar's swings and the nature of the policy debate about the appropriate government response to the rising and then falling dollar.

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File URL: http://www.nber.org/papers/w4325.pdf
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 4325.

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Date of creation: Apr 1993
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Publication status: published as Feldstein, Martin (ed.) American Economic Policy in the 1980s. Chicago: University of Chicago Press, 1994.
Handle: RePEc:nbr:nberwo:4325
Note: ME ITI IFM EFG
Contact details of provider: Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.
Phone: 617-868-3900
Web page: http://www.nber.org
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  1. Martin Feldstein, 1986. "New Evidence on the Effects of Exchange Rate Intervention," NBER Working Papers 2052, National Bureau of Economic Research, Inc.
  2. Martin Feldstein, 1992. "The Budget and Trade Deficits Aren't Really Twins," NBER Working Papers 3966, National Bureau of Economic Research, Inc.
  3. Martin Feldstein, 1989. "The Case Against Trying to Stabilize the Dollar," NBER Working Papers 2838, National Bureau of Economic Research, Inc.
  4. Feldstein, Martin & Horioka, Charles, 1980. "Domestic Saving and International Capital Flows," Economic Journal, Royal Economic Society, vol. 90(358), pages 314-29, June.
  5. Feldstein, Martin, 1988. "Rethinking International Economic Coordination," Oxford Economic Papers, Oxford University Press, vol. 40(2), pages 205-19, June.
  6. Martin Feldstein, 1986. "U.S. Budget Deficits and the European Economies: Resolving the Political Economy Puzzle," NBER Working Papers 1790, National Bureau of Economic Research, Inc.
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