The Challenges of Narrowing the US Current-Account Deficit and Implications for Other Economies
The Challenges of Narrowing the US Current-Account Deficit and Implications for Other Economies:

This article uses the OECD's interlink model to explore several possible channels through which a narrowing of the US current account deficit could occur. The shocks considered include dollar depreciation, fiscal consolidation, and an improvement in the non-price competitiveness of US producers...

Ausführliche Beschreibung

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Bibliographische Detailangaben
1. Verfasser: Brook, Anne-Marie (VerfasserIn)
Weitere Verfasser: Sédillot, Franck (MitwirkendeR), Ollivaud, Patrice (MitwirkendeR)
Format: Elektronisch Buchkapitel
Sprache:English
Veröffentlicht: Paris OECD Publishing 2005
Schlagworte:
Economics
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Volltext
Zusammenfassung:This article uses the OECD's interlink model to explore several possible channels through which a narrowing of the US current account deficit could occur. The shocks considered include dollar depreciation, fiscal consolidation, and an improvement in the non-price competitiveness of US producers. A key conclusion is that shocks would have to be very large in order to materially reduce the US external deficit, largely because of the offsetting impact of second-round effects. In addition...
Beschreibung:1 Online-Ressource (42 Seiten)
DOI:10.1787/eco_studies-v2004-art7-en

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