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U.S. Trade Deficit: Causes, Consequences, and Cures: Proceedings of the Twelth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis - Couverture rigide

 
9780898382921: U.S. Trade Deficit: Causes, Consequences, and Cures: Proceedings of the Twelth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis
Couverture rigide
ISBN 10 : 0898382920 ISBN 13 : 9780898382921
Editeur : Kluwer Academic Publishers, 1989

Synopsis

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.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Éditeur
Kluwer Academic Publishers
Date d'édition
1989
Langue
anglais
ISBN 10 
0898382920
ISBN 13 
9780898382921
Reliure
Relié
Nombre de pages
332
Éditeur
Burger Albert E.
Coordonnées du fabricant
non disponible
Personne responsable
CMN Printpool Inh. Mathis Neumann
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