Papadimitriou, Dimitri Basil - 2008
investment and cause changes in inflation and employment in
the United States.
9) Perhaps the main drawback of the Buffett plan … nominal exchange rate is stable and
inflation in the United States is lower than inflation abroad. Figures 2 and 3 reveal …, largely matched by inflation differentials.
Indices of the Real U.S. Dollar Exchange Rate
70
80
90
100
110
120
130
140 …