Journal Article

The dollar and US manufacturing


Abstract: 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: Manufactures; Capital investments; Production (Economic theory); Dollar, American; Foreign exchange rates;

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Provider: Federal Reserve Bank of New York

Part of Series: Current Issues in Economics and Finance

Publication Date: 1998

Volume: 4

Issue: Dec

Order Number: 12