Since the 1970s, economists have recognized that a booming export sector of the economy can have unfortunate consequences for other sectors and lead to both appreciation of that nation's currency and a weakening position for its exports. A model to stimulate the effects of this situation is discussed. (IS)

The three highest priorities for American foreign policy are avoiding nuclear war by working with the Soviet leadership to alter our present collision course, demonstrating our commitment to human rights throughout the world, and ensuring American economic prosperity by strengthening exports and ensuring the stability of the international monetary…

The dominant driving force of past movements in West German output and prices is investigated and a review of government policy undertaken to stabilize these movements is presented. Three alternative impulse hypotheses are tested: the monetary, the fiscal, and the foreign impulse hypothesis. The major results of the tests are that: (1) monetary…