Global imbalances
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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