NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

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

Martin Feldstein

NBER Working Paper No. 4325
Issued in April 1993
NBER Program(s):   ME   ITI   IFM   EFG

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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Document Object Identifier (DOI): 10.3386/w4325

Published: Feldstein, Martin (ed.) American Economic Policy in the 1980s. Chicago: University of Chicago Press, 1994.

 
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