Move over Michigan. The Fifth District's automotive industry is revving its engine. With three assembly plants and numerous suppliers, can it merge into the fast lane?

This paper focuses on price discrimination in international trade that is associated with movements in exchange rates. This phenomenon is referred to as "pricing to market." We find strong evidence of pricing to market for Japanese exports of automobiles. We find moderate evidence of such...

A review of the developments that have led to chronic excess capacity in the U.S. motor vehicle industry, and a consideration of the prospects facing this industry in the decade ahead.

A discussion of the price and quantity effects on the U.S. consumer of the Japanese auto industry's voluntary export restraint program.

A discussion of the movement of Japanese auto production facilities to the United States, with emphasis on conditions in the Fourth Federal Reserve District and on growth of the just-in-time inventory supply process.

A discussion of wage behavior over the business cycle and of the effect of deferred wage increases, cost-of-living adjustments, and current settlements on labor union rates, using the auto industry as an example.