Sibert, Anne (2004) Global imbalances. Other. Committee on Economic and Monetary Affairs (ECON) of the European Parliament.
Abstract
The United States has run trade deÖcits for nearly thirty years. As a result, the US current account has been in deÖcit every year but one since 1982.1 In 2004 the deÖcit (as a percentage of GDP) soared to 5.1. This is signiÖcantly larger than any of the deÖcits (as a share of GDP) of the mid 1980s and is probably the largest in US history. In this note I ask the following: Why did this imbalance arise? Is sustainable? What is the likely impact on Euroland? What is the proper policy response?
Metadata
| Item Type: | Monograph (Other) |
|---|---|
| School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Depositing User: | Sarah Hall |
| Date Deposited: | 25 Aug 2020 09:42 |
| Last Modified: | 02 Aug 2023 18:03 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/40610 |
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