Thorbecke, Willem - In: Asia and the global economy : AGE 3 (2023) 1, pp. 1-10
The U.S. real effective exchange rate is at its highest level since 1985. In that year, the U.S. and its trading partners coordinated a depreciation of the dollar and the U.S. agreed to reduce its budget deficit. This paper reports that a dollar depreciation today would still improve U.S. trade...
