Quotes by Martin Feldstein about Commerce

Martin Feldstein American Economist

After all, an overvalued dollar gives us the ability to buy foreign goods at lower prices. And the existing volume of exports brings more yen and euros than they would if the dollar were more competitive.

Quote by Martin Feldstein about commerce

Although economists have studied the sensitivity of import and export volumes to changes in the exchange rate, there is still much uncertainty about just how much the dollar must change to bring about any given reduction in our trade deficit.

Quote by Martin Feldstein about commerce

But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fell 23 percent in just 12 months and by a total of 37 percent by the beginning of 1988.

Quote by Martin Feldstein about commerce

The more competitive value of the dollar turned around the trade deficit.

Quote by Martin Feldstein about commerce

The only way that we can reduce our financial dependence on the inflow of funds from the rest of the world is to reduce our trade deficit.

Quote by Martin Feldstein about commerce

To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world.

Quote by Martin Feldstein about commerce

Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly.

Quote by Martin Feldstein about commerce