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The Impact of a Rising Dollar on the U.S. Economy

The Impact of a Rising Dollar on the U.S. Economy Abstract Since June 2014, the dollar has strengthened dramatically. The effects of such a rise—and its likely continuation—on the U.S. economy are many, complex, and often obscure and could affect a number of business decisions. In this paper, the authors investigate the impact of a 10 percent rise in the value of the dollar against all other currencies through the use of a macroeconometric model. They examine direct effects and the full range of indirect effects and find that through a number of negative feedback the indirect effects will significantly offset the direct effects on GDP, interest rates, and many other macroeconomic variables—including the value of the dollar itself. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Business Economics Springer Journals

The Impact of a Rising Dollar on the U.S. Economy

Prakken, Joel L; Varvares, Chris P
Business Economics , Volume 50 (1): 9 – Jan 1, 2015
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Publisher
Springer Journals
Copyright
2015 National Association for Business Economics
ISSN
0007-666X
eISSN
1554-432X
DOI
10.1057/be.2015.5
Publisher site
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Abstract

Abstract Since June 2014, the dollar has strengthened dramatically. The effects of such a rise—and its likely continuation—on the U.S. economy are many, complex, and often obscure and could affect a number of business decisions. In this paper, the authors investigate the impact of a 10 percent rise in the value of the dollar against all other currencies through the use of a macroeconometric model. They examine direct effects and the full range of indirect effects and find that through a number of negative feedback the indirect effects will significantly offset the direct effects on GDP, interest rates, and many other macroeconomic variables—including the value of the dollar itself.

Journal

Business Economics – Springer Journals

Published: Jan 1, 2015

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