Does the Exchange Rate Really Affect Consumer Spending?

John J. Heim ()

The IUP Journal of Journal of Monetary Economics, 2008, vol. VI, issue 2, pages 31-42

Abstract: This paper examines the extent to which changes in imports or exports of US consumer goods and services occurs in response to a change in the exchange rate, 1960-2000. The data used are taken from the Economic Report of the President, 2002. The findings indicate that an increase in the trade weighted exchange rate of about 1% is associated with an increase in import of consumer goods of approximately $1 bn the year after the change. The same level increase seems associated with a decline in consumer goods export of about $0.75 bn.

Date: 2008

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Working Paper: Does the Exchange Rate Really Affect Consumer Spending? (2007)
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Persistent link: http://EconPapers.repec.org/RePEc:icf:icfjmo:v:06:y:2008:i:2:p:31-42

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