Search Results
Working Paper
Are energy prices cyclical?
Working Paper
Currency appreciation and \"deindustrialization\": a European perspective
During the 1980s, policy advisers were successful in promoting the view that movements in the value of the dollar have an inverse relationship to U.S. international competitiveness. This article explains their hypothesis, as well as the counterargument that exchange rates positively reflect a country's competitiveness. Economic policies that boost competitiveness also raise the value of the domestic currency. The mirror image of these hypotheses apply to U.S. trading partners, including Europe. The evidence indicates that European countries were not "deindustralized" from 1985 to 1990, when ...
Journal Article
International linkages in the term structure of interest rates
Journal Article
How federal farm spending distorts measures of economic activity
Journal Article
Inflation and taxes: disincentives for capital formation
Journal Article
Energy resources and potential GNP
Journal Article
Should government spending on capital goods be raised?
Journal Article
Potential output and the recent productivity decline
Journal Article
Was the 1982 velocity decline unusual?