Suchergebnisse

Intro -- RELATIONSHIP BETWEEN THE DOLLAR, PRICE OF OIL, AND THE U.S. TRADE DEFICIT -- RELATIONSHIP BETWEEN THE DOLLAR, PRICE OF OIL, AND THE U.S. TRADE DEFICIT -- CONTENTS -- PREFACE -- Chapter 1 THE U.S. TRADE DEFICIT, THE DOLLAR, AND THE PRICE OF OIL -- SUMMARY -- OVERVIEW -- THE DOLLAR AND THE PRICE OF OIL -- Real and Nominal Oil Prices -- MAJOR CURRENCIES -- THE PRICE OF OIL -- Oil Exchanges -- Oil Demand and Supply -- THE INTERNATIONAL EXCHANGE VALUE OF THE DOLLAR -- Capital Flows -- U.S. Financial Balance -- Foreign Exchange Market -- The U.S. Trade Deficit -- CONCLUSIONS -- End Notes -- Chapter 2 U.S. TRADE DEFICIT AND THE IMPACT OF CHANGING OIL PRICES -- SUMMARY -- BACKGROUND -- ISSUES FOR CONGRESS -- End Notes -- Chapter 3 THE EFFECTS OF OIL SHOCKS ON THE ECONOMY: A REVIEW OF THE EMPIRICAL EVIDENCE -- SUMMARY -- INTRODUCTION -- THEORETICAL CONSIDERATIONS -- Policy Implications -- EXAMINING THE EMPIRICAL RECORD -- Early Studies -- Extensions -- Oil Shocks or Monetary Policy? -- The Effects of Oil Shocks on Employment -- Some Caveats -- Omitted Variable Bias -- Structural Misspecification -- Problems with Endogeneity -- Lucas Critique -- Robustness of Results -- CONCLUSION -- GLOSSARY -- End Notes -- Chapter 4 FINANCING THE U.S. TRADE DEFICIT -- SUMMARY -- BACKGROUND -- CAPITAL FLOWS AND THE DOLLAR -- THE U.S. BALANCE OF PAYMENTS -- THE U.S. NET INTERNATIONAL INVESTMENT POSITION -- IMPLICATIONS -- End Notes -- Chapter 5 THE U.S. TRADE DEFICIT: CAUSES, CONSEQUENCES, AND CURES -- SUMMARY -- INTRODUCTION -- TRADE PERFORMANCE IN 2006 -- Goods Trade Balance -- Services Trade Balance -- Investment Income Balance -- THE CAUSES OF THE TRADE DEFICIT -- A Saving-Investment Imbalance -- International Capital Flows -- Interest rates and international capital flows -- Other factors that influence international capital flows