Untangling the US Deficit

Untangling the US Deficit

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'What are the causes of the US current account deficit? Are the problems qmade in the USq or the rest of the world? Are these deficits sustainable, at what level? These are the types of questions the authors set out to answer, and in essence conclude that the answers do not matter for global stability as long as imbalances are left to market forces and the US can avoid large net income outflows. The beauty of this book, however, is watching the authors (the unusual combination of a business economist and an academic economist) arrive at this conclusion. They provide insights that can come only from years of practical and theoretical experience.' - William E. Becker, Indiana University Bloomington, USaccessed 6 August, at http://www.federalreserve.gov/pubs/ifdp/2006/851/ ifdp851 .pdf. ... IMF (International Monetary Fund) (2004), a#39;How will the US budget deficit affect the rest of the world? ... Monetary Fund) (2006c), Peoplea#39;s Republic of China Article IV Consultation - staff report, accessed 7 November, at http:// www. imf.org/externa 1 /pubs/ft/scr/2006/cr 06394.pdf. Johnson, Harry (1969), a#39;The case for flexible exchange ratesa#39;, Federal Reserve Bank of St Louis Review, 51 (6), 12- 24.


Title:Untangling the US Deficit
Author: Richard A. Iley, Mervyn Lewis
Publisher:Edward Elgar Publishing - 2007-01-01
ISBN-13:

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