The United States as a Debtor Nation: Risks and Policy Reform - Couverture souple

Cline, William

 
9780881323993: The United States as a Debtor Nation: Risks and Policy Reform
Couverture souple
ISBN 10 : 0881323993 ISBN 13 : 9780881323993
Editeur : The Peterson Institute for International Economics, 2005

Synopsis

The United States has once again entered into a period of large external imbalances. This time the current account deficit, at nearly 6 percent of GDP in 2004, is much larger than in the last episode, when the deficit peaked at about 3.5 percent of GDP in 1987. Moreover, the deficit is on track to become substantially larger over the next several years. This study examines whether the large and growing current account deficit is a problem, and if so, how the problem can be solved. A central policy conclusion of this study is that it is increasingly important that the United States reduce its external current account deficit. This deficit is no longer benign as it arguably was in the late 1990s when it was financing high investment instead of high consumption and large government dissaving.

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À propos de l?auteur

William R. Cline has been a senior fellow at the Peterson Institute for International Economics since 1981. During 1996-2001 while on leave from the Institute, Dr. Cline was deputy managing director and chief economist of the Institute of International Finance (IIF) in Washington, DC. From 2002 through 2011 he held a joint appointment with the Peterson Institute and the Center for Global Development, where he is currently senior fellow emeritus. Before joining the Peterson Institute, he was senior fellow, the Brookings Institution (1973-81); deputy director of development and trade research, office of the assistant secretary for international affairs, US Treasury Department (1971-73); Ford Foundation visiting professor in Brazil (1970-71); and lecturer and assistant professor of economics at Princeton University (1967-70).

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
The Peterson Institute for International Economics
Date d'édition
2005
Langue
anglais
ISBN 10 
0881323993
ISBN 13 
9780881323993
Reliure
Broché
Nombre de pages
324
Coordonnées du fabricant
non disponible
Personne responsable
Purmerul LTD
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