Exchange rates and the trade balance: evidence from Germany. From: Atlantic Economic Journal | Date: June 1, 1995| Author: Mixon, Otis Scott | COPYRIGHT 1995 Atlantic Economic Society. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

The J-curve phenomenon refers to the initial deterioration of the trade balance and its eventual recovery in response to an exchange rate devaluation. However, the US economy experienced continued deterioration in its trade balance despite a declining dollar exchange value in the 1980s. This contradition is analyzed by testing the Granger causality of the exchange rate with respect to the trade balance, using German data from the period 1975 to 1989. The results indicate a 'delayed J-curve' e...

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