On current account surpluses and the correction of global imbalances
The United States has run an increasingly large current account deficit over the last few years. J. P. Morgan forecasts that in 2007 the deficit will reach almost one trillion dollars, or 7 percent of GDP. This unprecedented situation has generated concern among analysts and policymakers. Many argue...
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Banco Central de Chile
2019
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oai-20.500.12580-37322021-04-24T11:01:02Z On current account surpluses and the correction of global imbalances Edwards, Sebastián, 1953- POLÍTICA ECONÓMICA The United States has run an increasingly large current account deficit over the last few years. J. P. Morgan forecasts that in 2007 the deficit will reach almost one trillion dollars, or 7 percent of GDP. This unprecedented situation has generated concern among analysts and policymakers. Many argue that this deficit is unsustainable and that, at some point, it will have to decline. Much of the recent research on the issue examines whether the U.S. external adjustment will be gradual or abrupt, and how it will affect the (real) value of the dollar. 2019-11-01T00:04:06Z 2019-11-01T00:04:06Z 2008 Artículo 978-956-7421-30-5 https://hdl.handle.net/20.500.12580/3732 eng Series on Central Banking, Analysis, and Economic Policies, no. 12 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 25-83 application/pdf Banco Central de Chile |
| institution |
Banco Mundial |
| collection |
Banco Mundial |
| language |
eng |
| topic |
POLÍTICA ECONÓMICA |
| spellingShingle |
POLÍTICA ECONÓMICA Edwards, Sebastián, 1953- On current account surpluses and the correction of global imbalances |
| description |
The United States has run an increasingly large current account deficit over the last few years. J. P. Morgan forecasts that in 2007 the deficit will reach almost one trillion dollars, or 7 percent of GDP. This unprecedented situation has generated concern among analysts and policymakers. Many argue that this deficit is unsustainable and that, at some point, it will have to decline. Much of the recent research on the issue examines whether the U.S. external adjustment will be gradual or abrupt, and how it will affect the (real) value of the dollar. |
| format |
Artículo |
| author |
Edwards, Sebastián, 1953- |
| author_facet |
Edwards, Sebastián, 1953- |
| author_sort |
Edwards, Sebastián, 1953- |
| title |
On current account surpluses and the correction of global imbalances |
| title_short |
On current account surpluses and the correction of global imbalances |
| title_full |
On current account surpluses and the correction of global imbalances |
| title_fullStr |
On current account surpluses and the correction of global imbalances |
| title_full_unstemmed |
On current account surpluses and the correction of global imbalances |
| title_sort |
on current account surpluses and the correction of global imbalances |
| publisher |
Banco Central de Chile |
| publishDate |
2019 |
| url |
https://hdl.handle.net/20.500.12580/3732 |
| work_keys_str_mv |
AT edwardssebastian1953 oncurrentaccountsurplusesandthecorrectionofglobalimbalances |
| _version_ |
1718347016126332928 |