Does the Exchange Rate Really Affect Consumer Spending?
John Heim ()
Rensselaer Working Papers in Economics from Rensselaer Polytechnic Institute, Department of Economics
This paper examines the extent to which changes in imports or exports of U.S. 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 one percent is associated with an increase in imports of consumer goods of approximately $1 billion dollars the year after the change. The same level increase seems associated with a decline in con-sumer goods exports of about $0.75 billion dollars.
JEL-codes: F00 F40 F43 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba and nep-int
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Journal Article: Does the Exchange Rate Really Affect Consumer Spending? (2008)
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Persistent link: http://EconPapers.repec.org/RePEc:rpi:rpiwpe:0709
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