Dollar overvaluation against the Yen and Mark in 1983: how to coordinate Central bank policies

Three points are analysed:ʹ1. the rough purchasing power parity relationships among the three major currencies and the relative domestic prices and labor costs;ʹ2.data on absolute price level and money growth and the near-term monetary measures that should be taken to correct the dollar overvaluatio...

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Bibliographische Detailangaben
1. Verfasser: McKinnon, Ronald I. 1935-2014 (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: 1983
Schriftenreihe:Discussion paper / Center for Economic Policy 7
Schlagworte:
Zusammenfassung:Three points are analysed:ʹ1. the rough purchasing power parity relationships among the three major currencies and the relative domestic prices and labor costs;ʹ2.data on absolute price level and money growth and the near-term monetary measures that should be taken to correct the dollar overvaluation;ʹ3. the huge US fiscal deficit that magnifies dollar overvaluation and harms American manufacturing and agriculture.--SCAD summary
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