G7 current account imbalances : sustainability and adjustment /
The current account deficit of the United States is more than six percent of its gross domestic product?an all-time high. And the rest of the world, including other G7 countries such as Japan and Germany, must collectively run current account surpluses to finance this deficit. How long can such unev...
| Автор-организации: | National Bureau of Economic Research. |
|---|---|
| Други автори: | Clarida, Richard H. |
| Формат: | Електронна книга |
| Език: | English |
| Публикувано: |
Chicago :
University of Chicago Press,
2007.
|
| Серия: |
National Bureau of Economic Research conference report.
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| Предмети: | |
| Онлайн достъп: |
http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=212606 |
| Подобни документи: |
Print version::
G7 current account imbalances. |
Съдържание:
- I. Origins of G7 current account imbalances. From world banker to world venture capitalist : U.S. external adjustment and the exorbitant privilege / Pierre-Olivier Gourinchas and Helene Rey. Comment / Jose De Gregorio
- A global perspective on external positions / Philip R. Lane and Gian Maria Milesi-Ferretti / Comment / Richard Portes
- Direct investment, rising real wages, and the absorption of excess labor in the periphery / Michael P. Dooley, David Folkerts-Landau, and Peter Garber. Comment / Shang-Jin Wei
- II. Empirical studies of G7 current account and exchange rate adjustment. Current account deficits in industrial countries : the bigger they are, the harder they fall? / Caroline Freund and Frank Warnock. Comment / Assaf Razin
- Are there thresholds of current account adjustment in the G7? / Richard H. Clarida, Manuela Goretti, and Mark P. Taylor. Comment / Robert E. Cumby
- Current account reversals : always a problem? / Muge Adalet and Barry Eichengreen. Comment / Frederic S. Mishkin
- Understanding the U.S. trade deficit : a disaggregated perspective / Catherine L. Mann and Katharina Pluck. Comment / Peter B. Kenen
- Will the euro eventually surpass the dollar as leading international reserve currency? / Menzie Chinn and Jeffrey A. Frankel. Comment / Edwin M. Truman
- III. Theoretical perspectives on current account sustainability and adjustment. The unsustainable U.S. current account position revisited / Maurice Obstfeld and Kenneth Rogoff. Comment / Kristin 1. Forbes
- Smooth landing or crash? Model-based scenarios of global current account rebalancing / Hamid Faruqee, Douglas Laxton, Dirk Muir, and Paolo A. Pesenti. Comment / Lars E.O. Svensson
- The dot-com bubble, the Bush deficits, and the U.S. current account / Aart Kraay and Jaume Ventura. Comment / Joseph E. Gagnon.