The Dollar and U.S. Imports after 1985 - FEDERAL RESERVE BANK of NEW YORK

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Quarterly Review

The Dollar and U.S. Imports after 1985

Autumn 1993Volume 18, Number 3

Author: Thomas Klitgaard

Despite a steep drop in the dollar's value, imports continued to grow much faster than domestic sales after 1985. The resilience in the demand for imports raised concern that foreign producers in the first half of the 1980s had gained long-term advantages in U.S. markets that diminished the impact of the dollar's fall. This article investigates whether the dollar in fact retained its power to influence the demand for foreign goods.

PDF full article PDF

17 pages / 1,192 kb

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