Three common misperceptions about foreign direct investment
A repudiation of three common beliefs about foreign direct investment in the United States: that it is the result of the current-account deficit, that it is initiated primarily by the Japanese, and that it will result in the loss of U.S. economic independence.
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.
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.
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.
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.
Merchandise trade and the outlook for 1988
An explanation of why current forecasts that call for vast improvements in the U.S. trade balance and real net exports in 1988 may be too optimistic.
How desirable is dollar depreciation?
An analysis of the possible effects of dollar depreciation on prices and inflation, on the balance of trade, and on real gross national product.
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.
Banking without interstate barriers
An examination of public policy issues related to the growth of interstate banking, such as its potential effects on concentration, competition, and soundness in the banking industry.
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.