The Dollar and U.S. Manufacturing

6 Pages Posted: 28 Jun 2007

See all articles by Linda S. Goldberg

Linda S. Goldberg

Federal Reserve Bank of New York; National Bureau of Economic Research (NBER)

Keith Crockett

Independent Author

Date Written: December 1998


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.

Keywords: exchange rates, manufacturing, investment, exposure

JEL Classification: F4, E3, N6

Suggested Citation

Goldberg, Linda S. and Crockett, Keith, The Dollar and U.S. Manufacturing (December 1998). Current Issues in Economics and Finance Vol. 4, No. 12, December 1998. Available at SSRN: or

Linda S. Goldberg (Contact Author)

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States
212-720-2836 (Phone)
212-720-6831 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Keith Crockett

Independent Author ( email )

No Address Available

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