Washington, D.C. Luncheon Economic Costs of an Overvalued Dollar

A strong dollar is seen by many as a positive indicator for the national economy. However, an overvalued dollar poses risk for producers in the United States by making American exports more expensive overseas and imports into the country cheaper, potentially widening the trade deficit.

You are cordially invited to this month’s free policy luncheon in Washington, D.C. on Thursday, March 28th from 11 a.m. to 1 p.m. We will be joined by guest speaker Jeff Ferry, Chief Economist for the Coalition for a Prosperous America (CPA), a bipartisan organization advocating trade policy reform on behalf of manufacturers, farmers, and labor members.

REMI luncheons are held each month at Metro Center, 700 12th Street NW, Suite 700, Washington, D.C. 20005.

For this presentation, Mr. Ferry will discuss the implications of an overvalued dollar, share the findings from CPA’s research, and describe the methodology behind the evaluation.

The CPA simulated a 27 percent devaluation of the dollar on a trade-weighted basis over a six-year period using REMI modeling software. The analysis accounted for the asymmetrical relationship between import and export prices and how they respond to changes in the exchange rate. By modeling the devaluation scenario, the CPA was able to measure the economic costs of the dollar’s value.

We’re offering this event free of charge; however, we do ask that you register in advance. If you would like to attend this event, please email Brian Boyd at brian.boyd@wp.remi.com, contact us by phone at (413) 549-1169, or fill out the registration page for this event.

Metro Center
700 12th Street NW
Suite 700
Washington, D.C. 20005