Current Issues in Economics and Finance
The Dollar and U.S. Manufacturing
December 1998 Volume 4 Number 12
JEL classification: F4, E3, N6

Authors: Linda S. Goldberg and Keith Crockett

U.S. manufacturing industries are becoming increasingly sensitive to changes in the international value of the dollar. A look at recent studies of exchange rate effects on industry performance suggests that the 1997-98 rise in the dollar may significantly reduce U.S. producers' profits and compel firms to scale back their investment in new plants and equipment.

PDF full articlePDF 6 pages / 63 kb
Press release
Related New York Fed Content
By continuing to use our site, you agree to our Terms of Use and Privacy Statement. You can learn more about how we use cookies by reviewing our Privacy Statement.   Close