And when the dollar decline makes foreign travel much more expensive, I will do more of my vacation traveling in the United States.Quote by Martin Feldstein about decline
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 decline
Even if the dollar does decline during the coming months, the delays in the response of exports and imports to the more competitive dollar will mean that the increase in aggregate demand from this source may not happen for a year or more.Quote by Martin Feldstein about decline
The decline of the overvalued dollar in the 1980s also had no adverse effect on economic activity in the United States.Quote by Martin Feldstein about decline