The Desirability of a Dollar Appreciation, Given a Contractionary U.S. Monetary Policy
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Undesirable real effects have been attributed to floating exchange rates in general, and the 1980-83 appreciation of the dollar in particular.In the appreciating country, the U.S., export industries lose competitiveness and so output falls. In the other country, say Europe, the exchange rate change
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美国国家经济研究局创建时间：
1983-04-01
