A New Effective Exchange Rate Index for the Dollar and Its Implications for U.S. Merchandise Trade

  • Gerald H. Anderson, Nicholas V. Karamouzis
  • Published 2006

Abstract

Introduction One of the most critical problems facing our economy today is the unprecedented size of the foreign-trade deficit. The rapid growth of imports relative to exports since 1980 has been blamed for curtailing the rate of economic expansion in recent years, and is symptomatic of the deteriorating position of some U.S. industries in world markets… (More)

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