How Far Has the Dollar Fallen?

Détails

ID Serval
serval:BIB_FABF250D29B7
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Titre
How Far Has the Dollar Fallen?
Périodique
Business Economics
Auteur⸱e⸱s
Feldstein M., Bacchetta P.
ISSN
0007-666X
Statut éditorial
Publié
Date de publication
1987
Peer-reviewed
Oui
Volume
22
Numéro
4
Pages
35-39
Langue
anglais
Résumé
The present paper introduces a new index of the real value of the dollar relative to eighty other currencies. The individual exchange rates are combined with weights that reflect the recent (1984) multilateral pattern of trade. This new index confirms that the dollar rose very sharply between January 1980 and February 1985 and that about three-fourths of that appreciation was reversed by May 1987. This observation is true for both our multilateral and bilateral real indices. The analysis also shows that any index that fails to adjust for differences in inflation rates will give a very misleading impression of the dollar's evolution in the 1980s.
Création de la notice
05/05/2017 15:55
Dernière modification de la notice
20/08/2019 17:26
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