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January 1986

Posted 1986-01-01

Estimating Exchange Rate Effects on Exports: A Cautionary Note

by Michael T. Belongia

Michael T. Belongia shows that alternative measures of the dollar’s value offer quite different pictures of its behavior in recent years. Since 1980, for example, the real value of the dollar rose anywhere between 32 percent and 57 percent, depending on the exchange rate measure used.

Posted 1986-01-01

Recent Revisions of GNP Data

by Keith M. Carlson

Keith M. Carlson discusses the nature and extent of the Commerce Department’s recently released revision of the nation’s income and product accounts. The article focuses on the effect of the Department’s revision on nominal GNP, output, and prices.