Is the U.S. Current Account Deficit Sustainable? Will It Be Sustained?

U.S. Current Account Deficit, Sustainable, Deficit, U.S. Current Account, macroeconomics

To coordinate or not to coordinate?

Foreign exchange rates

A Note on Deregulation of Natural Gas Prices

macroeconomics, natural gas, pricing, deregulation

Living with Global Imbalances

macroeconomics, Global Imbalances

Resource Needs Revisited

macroeconomics, resource needs

Three Discussion Papers from the Symposium on Exchange Rates

macroeconomics, dollar, exchange rate, international

The Gold Standard: Historical Facts and Future

macroeconomics, gold Standard

Living with Global Imbalances: A Contrarian View

Three propositions have become conventional wisdom in Washington and elsewhere: Americans save too little. The US current account deficit is thus unsustainably large. The Chinese currency must appreciate significantly to bring the global economy into sustainable balance. All these separate but related propositions are highly questionable, the author says. He suggests that Americans save quite enough for future generations, that the startlingly large US current account deficit is not only sustainable but a natural feature of today's highly globalized economy, and that a revaluation of the Chinese currency, far from alleviating global imbalances, would run the risk of precipitating a financial crisis.

Policy implications of demographic change: panel discussion: the economic impact of demographic change: a case for more immigration

By 2025, the world's population will have grown by another 1.8 billion or so, bringing it to roughly 8 billion. Ninety-five percent of the increment will be in what today are called developing countries; only 5 percent will be in the rich industrialized countries. Indeed, birth rates have fallen below the replacement rate (about 2.1 children per female of childbearing age) in all the rich countries, as well as in Slavic Europe, Russia, and China. The birth rate is down to 1.35 in Japan and to an extraordinary low of 1.2 in Italy. Demographic inertia will lead to continued population increase for a decade or more in many of these countries, especially China. But in the longer run, population (and presumably, labor force) growth will turn negative. Indeed, it is already negative in Japan.Demography ; Economic conditions ; Emigration and immigration

Is the US Current Account Deficit Sustainable?

Leistungsbilanz, Zahlungsbilanzungleichgewicht, Kapitalimport, Vereinigte Staaten, Current account balance, Balance of payments imbalances, Capital imports, United States