Report

Measuring the External Value of the Dollar


Abstract: How much is a dollar worth? The value of a dollar is most generally defined in terms of its purchasing power over the goods and services that households and individuals consume on a regular basis. As goods and services become more expensive, the purchasing power?or value?of the dollar falls. Over long periods of time, the tendency has been for most goods and services to become more expensive in dollar terms. The result is that the purchasing power of a dollar in 2014 is a lot less than the purchasing power of a dollar in 1914.

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Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Annual Report, Globalization and Monetary Policy Institute

Pages: 10-15