Schulmeister, Stephan - In: WIFO Monatsberichte (monthly reports) 69 (1996) 3, pp. 187-201
Over the next few years, the U.S. will attempt to reduce the budget deficit and unemployment by way of an expansive monetary policy, a goal that is likely to be achieved. Moreover, the U.S. will succeed in maintaining an undervalued exchange rate for the dollar. Under these circumstances, the...