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Martin Feldstein
American
November 25, 1939
Economist
Domestic inflation reflects domestic monetary policy.
Martin Feldstein
Tags:
Policy
Domestic
Reflects
My theme this evening is that America needs a competitive dollar.
Martin Feldstein
Tags:
America
Needs
Competitive
In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth.
Martin Feldstein
Tags:
Experience
More
Us
To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world.
Martin Feldstein
Tags:
Finance
Like
World
But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fell 23 percent in just 12 months and by a total of 37 percent by the beginning of 1988.
Martin Feldstein
Tags:
Just
Then
Beginning
