Jay C. Shambaugh
GEORGE WASHINGTON UNIVERSITY. Professor of Economics and International Affairs. Areas of research are macroeconomics and international economics.

The Decline in the Dollar

June 2, 2017

The Issue:

The dollar got stronger (appreciated) against the currencies of its major trading partners in the immediate wake of the election of President Trump. This reflected the market’s view of the expected effects of policies advocated by Candidate Trump, such as tax cuts, infrastructure spending, and higher ...
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