Search Results
Journal Article
The decline in U.S. agricultural exports
An analysis of factors that produced a 40 percent drop in U.S. agricultural exports between 1981 and 1986, with a discussion of the potential effects of dollar depreciation and the 1985 Food Security Act.
Journal Article
A basic analysis of the new protectionism
A discussion of the costs associated with trade restraint, focusing on devices currently used or recently proposed in the United States.
Journal Article
A new effective exchange rate index for the dollar and its implications for U.S. merchandise trade
An introduction to a new exchange-rate index to measure the foreign-exchange value of the dollar. The authors develop a model of U.S. merchandise trade, featuring the new index.
Journal Article
Exchange rates and U.S. prices
An examination of causality between dollar exchange-rate movements and U.S. price levels as described by the relative purchasing power parity theory, with a discussion of channels of price pressure and of the Hooper-Lowrey method of estimating future trends of the dollar.
Journal Article
How credible are capital spending surveys as forecasts?
A comparison of the reliability of the Commerce Department's capital spending survey with that of several alternative forecasts.
Journal Article
Two neglected implications of dollar depreciation
An estimation of the costs and benefits that dollar depreciation imposes through changes in the prices of imports and exports, and through changes in the potential purchasing power of U.S. international assets and liabilities.
Journal Article
Forecasting turning points with leading indicators
An examination of the Composite Index of Leading Indicators and its record as a forecasting tool. The authors conclude that while the index can provide useful information about business peaks and troughs, its value is limited by a tendency to give false signals, and its worth greatly increases when used in combination with other indexes.
Journal Article
Is the rust belt's revival real?
An exploration of the causes of the improved performance of the Great Lakes region in the 1990-91 recession relative to past economic downturns, and a prediction that the mild levels and duration of employment loss posted here during the past two years cannot be assured to continue in the next recession.
Journal Article
Solutions to the international debt problem
A general discussion of the nature of the international debt problem and an analysis of a number of proposals for solving it.
Journal Article
Assessing and resisting inflation
An examination of the detrimental effects of inflation and a recommendation that policymakers should immediately resist a further acceleration of inflation, rather than wait for more signals of its future course.