Faculty News
Prof. Paul Wachtel on the US impact of the euro's decline
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![YLE TV Finland logo YLE TV Finland logo](/sites/default/files/styles/480w/public/assets/images/YLE%20TV%20Finland.jpg?itok=BAYoUHEv)
Excerpt from TV Finland -- "The American economy is very large. Exports and imports have increased as a fraction of the economy, but compared to a typical European country, compared to many emerging markets countries, the American economy is more closed. I don't think that this large depreciation is sufficiently significant for the big American economy to cause a recession."