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    Global imbalances

    Sibert, Anne (2004) Global imbalances. Other. Committee on Economic and Monetary Affairs (ECON) of the European Parliament.

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    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?


    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


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