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

Cline, William R.

Softcover

ISBN 10: 0881323993 ISBN 13: 9780881323993

Verlag: The Peterson Institute for International Economics, 2005

Inhaltsangabe

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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Über die Autorin bzw. den Autor

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).

Details zur Ausgabe

• Verlag: The Peterson Institute for International Economics
• Erscheinungsdatum: 2005
• Sprache: Englisch
• ISBN 10: 0881323993
• ISBN 13: 9780881323993
• Einband: Taschenbuch
• Anzahl der Seiten: 332
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Purmerul LTD; https://strengholt.nl/en/; ; 22 Liuleburgaz Str., floor 4, app. 9; Plovdiv; Bulgarien