"The present framework reproduces the first link of the Dutch-disease chain exactly. Persistent demand for safe assets, the reserve-currency analogue of a resource boom, compresses yields, supports absorption, and appreciates the real exchange rate. The resulting shift in relative profitability reduces tradable reinvestment."
Why do economists believe America isnt experiencing a form of dutch disease?
byu/GoldThenCrypto inAskEconomics
Posted by GoldThenCrypto