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

29 Pages Posted: 21 Nov 2007

See all articles by Martin S. Feldstein

Martin S. Feldstein

National Bureau of Economic Research (NBER) (deceased); Harvard University (deceased)

Date Written: April 1993

Abstract

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.

Suggested Citation

Feldstein, Martin S., The Dollar and the Trade Deficit in the 1980s: A Personal View (April 1993). NBER Working Paper No. w4325, Available at SSRN: https://ssrn.com/abstract=349267

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