Policies for Reducing the Current-account Deficit
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Publisher | : |
Total Pages | : 100 |
Release | : 1989 |
Genre | : Balance of payments |
ISBN | : |
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Author | : |
Publisher | : |
Total Pages | : 100 |
Release | : 1989 |
Genre | : Balance of payments |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 86 |
Release | : 1989 |
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ISBN | : |
With the sharp increase in the U.S. current-account deficit during the 1980s, the relative effectiveness of alternative policies to reduce that deficit has come to the fore in public policy discussions. Policymakers and analysts are discussing actively whether to go about reducing the deficit through trade policy measures, closer international coordination of monetary and fiscal policies, or some combination of these measures. This paper and an accompanying Congressional Budget Office study add quantitative estimates to this discussion by reporting simulations of several alternative policy measures using an international econometric model. The purpose of this paper is to provide technical background on the model and its properties. The main policy simulations and their interpretation are described in the other study.
Author | : |
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Total Pages | : 100 |
Release | : 1989 |
Genre | : Balance of payments |
ISBN | : |
Author | : Albert E. Burger |
Publisher | : Springer Science & Business Media |
Total Pages | : 318 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 9400925204 |
On October 23 and 24, 1987, the Federal Reserve Bank of St. Louis hosted its twelfth annual economic policy conference, "The U.S. Trade Deficit: Causes, Consequences, and Cures." This book contains the papers and comments delivered at that conference. A sharp decline in the value of the dollar against major foreign cur rencies began in March 1985 and continued through December 1987. Despite this decline, the U.S. trade deficit experienced considerable growth during this time. Many consider the simultaneous occurrence of these two events over so long a period to be a problem requiring a policy response. The conference addresses this issue. Various papers discuss the cause of the trade deficit, the reason for its size and persistence, its relation ship with other macroeconomic variables, its impact on other industrialized countries, and various policy proposals aimed at reducing the deficit. Session I Peter Hooper and Catherine L. Mann provide an analytical setting for the conference with their "The U.S. External Deficit: Its Causes and Persistence." Their observation that the unprecedentedly large U. S. trade imbalance is striking in both its size and its persistence could well be the subtitle of each of the papers presented. The macroeconomic studies, which Hooper and Mann summarize in their review of the existing literature, uniformly conclude that the deficit has not responded to fundamental macroeconomic determinants-relative U.S. income growth and the dollar's exchange rate-in the way that earlier, smaller U.S.
Author | : United States. Congressional Budget Office |
Publisher | : |
Total Pages | : 0 |
Release | : 1989 |
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Total Pages | : |
Release | : 1989 |
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Author | : John Pitchford |
Publisher | : |
Total Pages | : 56 |
Release | : 1992 |
Genre | : Budget deficits |
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Author | : Catherine L. Mann |
Publisher | : Peterson Institute |
Total Pages | : 226 |
Release | : 1999 |
Genre | : Business & Economics |
ISBN | : 9780881322644 |
The global financial crisis of 1997-98 and the widening US trade deficit have precipitated fresh inquiry into a set of perennial questions about global integration and the US economy. How has global integration affected US producers and workers, and overall growth and inflation? Is a chronic and widening deficit sustainable, or will the dollar crash, perhaps taking the economy with it? If the problem was one of "twin deficits," as many thought, why has the trade deficit continued to grow even as the budget deficit narrowed to zero? If US companies are so competitive, why does the trade deficit persist? Is the trade deficit a result of protectionism abroad? Will it lead to protectionism at home? What role do international capital markets have? Each chapter presents relevant data and a simple analytical framework as the basis for concise discussions of these major issues. The final section of the book provides an outlook for the deficit and suggests alternative policy courses for dealing with it. This book is designed for policymakers and others who are interested in the US role in the world economy. It is also suitable for courses in international economics, business, and international affairs.
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Publisher | : |
Total Pages | : 77 |
Release | : 1989 |
Genre | : Balance of payments |
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Author | : Mr.Steven Phillips |
Publisher | : International Monetary Fund |
Total Pages | : 68 |
Release | : 2014-01-13 |
Genre | : Business & Economics |
ISBN | : 1484346785 |
The External Balance Assessment (EBA) methodology has been developed by the IMF’s Research Department as a successor to the CGER methodology for assessing current accounts and exchange rates in a multilaterally consistent manner. Compared to other approaches, EBA emphasizes distinguishing between the positive empirical analysis and the normative assessment of current accounts and exchange rates, and highlights the roles of policies and policy distortions. This paper provides a comprehensive description and discussion of the 2013 version (“2.0”) of the EBA methodology, including areas for its further development.