U.S. flag

An official website of the United States government

Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

February 2007

Japanese exchange rates, export restraints, and auto prices in the 1980s

Ana M. Aizcorbe

Regression analysis indicates that, after 1986, Japanese exchange rates had a significant positive effect on prices of U.S. domestically produced automobiles and, hence, that Japanese voluntary export restraints were not binding; pre-1986 results are inconclusive, but consistent with binding voluntary export restraints.

Download PDF »