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In: Global economic review, Band 41, Heft 4, S. 293-297
ISSN: 1744-3873
In: International affairs, Band 86, Heft 3, S. 681-692
ISSN: 0020-5850
World Affairs Online
In: National Institute economic review: journal of the National Institute of Economic and Social Research, Band 199, S. 34-39
ISSN: 1741-3036
The US current account imbalance has stayed stubbornly high despite the fall in the dollar that we have seen since the beginning of 2003. The exchange rate has fallen by around 15 per cent on average, mainly between the first quarter of 2003 and the first quarter of 2005. As we can see from figure 1, the fall has come in three steps, and each time it fell we might have expected an initial worsening of the current account for a year or so as prices change in advance of quantities (the J curve effect of the first year textbook). Hence we might have expected no sustained improvement until at least a year after the last downward step towards the end of 2004. However, as we can see from figure 2, there is no noticeable improvement in the current account during 2006, suggesting that domestic absorption was rising. At the same time inflation in the US was gradually drifting up under pressure from the weakening exchange rate.
In: Journal of international economics, Band 95, Heft 1, S. 83-97
ISSN: 0022-1996
In: PSL Quarterly Review, Band 63, Heft 252, S. 5-36
SSRN
SSRN
Working paper
In: International affairs, Band 86, Heft 3, S. 681-692
ISSN: 1468-2346
In: Voprosy ėkonomiki: ordena trudovogo krasnogo znameni ežemesjačnyj žurnal ; Vserossijskoe ėkonomičeskoe izdanie = Issues of economics, Heft 5, S. 51-61
ISSN: 0042-8736
In: IMF Working Papers, S. 1-20
SSRN
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 29, Heft 5, S. 783
ISSN: 0161-8938
In: Comparative economic studies, Band 48, Heft 3, S. 391-407
ISSN: 1478-3320
In: JBICI review, Heft 14, S. 1-37
ISSN: 1347-5681
World Affairs Online
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 29, Heft 5, S. 711-727
ISSN: 0161-8938
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 29, Heft 5, S. 711-728
ISSN: 0161-8938