The Challenges of Narrowing the US Current-Account Deficit and Implications for Other Economies [E-Book] / Anne-Marie Brook, Franck Sédillot and Patrice Ollivaud
This article uses the OECD’s interlink model to explore several possible channels through which a narrowing of the US current account deficit could occur. The shocks considered include dollar depreciation, fiscal consolidation, and an improvement in the non-price competitiveness of US producers. A k...
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Personal Name(s): | Brook, Anne-Marie. |
Sédillot, Franck. / Ollivaud, Patrice. | |
Imprint: |
Paris :
OECD Publishing,
2005
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Physical Description: |
42 p. |
Note: |
englisch |
DOI: |
10.1787/eco_studies-v2004-art7-en |
Keywords: |
Economics |
This article uses the OECD’s interlink model to explore several possible channels through which a narrowing of the US current account deficit could occur. The shocks considered include dollar depreciation, fiscal consolidation, and an improvement in the non-price competitiveness of US producers. A key conclusion is that shocks would have to be very large in order to materially reduce the US external deficit, largely because of the offsetting impact of second-round effects. In addition... |