Download or read book Is the U S Trade Deficit Sustainable written by Catherine L. Mann and published by Peterson Institute. This book was released on 1999 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis of 1997-98 and the widening US trade deficit have precipitated fresh inquiry into a set of perennial questions about global integration and the US economy. How has global integration affected US producers and workers, and overall growth and inflation? Is a chronic and widening deficit sustainable, or will the dollar crash, perhaps taking the economy with it? If the problem was one of "twin deficits," as many thought, why has the trade deficit continued to grow even as the budget deficit narrowed to zero? If US companies are so competitive, why does the trade deficit persist? Is the trade deficit a result of protectionism abroad? Will it lead to protectionism at home? What role do international capital markets have? Each chapter presents relevant data and a simple analytical framework as the basis for concise discussions of these major issues. The final section of the book provides an outlook for the deficit and suggests alternative policy courses for dealing with it. This book is designed for policymakers and others who are interested in the US role in the world economy. It is also suitable for courses in international economics, business, and international affairs.

Download or read book The Trade Deficit how Much of a Problem What Remedy written by United States. Congress. Joint Economic Committee. Subcommittee on International Economics and published by . This book was released on 1978 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Global Trade and the Dollar written by Ms.Emine Boz and published by International Monetary Fund. This book was released on 2017-11-13 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: We document that the U.S. dollar exchange rate drives global trade prices and volumes. Using a newly constructed data set of bilateral price and volume indices for more than 2,500 country pairs, we establish the following facts: 1) The dollar exchange rate quantitatively dominates the bilateral exchange rate in price pass-through and trade elasticity regressions. U.S. monetary policy induced dollar fluctuations have high pass-through into bilateral import prices. 2) Bilateral non-commodities terms of trade are essentially uncorrelated with bilateral exchange rates. 3) The strength of the U.S. dollar is a key predictor of rest-of-world aggregate trade volume and consumer/producer price inflation. A 1 percent U.S. dollar appreciation against all other currencies in the world predicts a 0.6–0.8 percent decline within a year in the volume of total trade between countries in the rest of the world, controlling for the global business cycle. 4) Using a novel Bayesian semiparametric hierarchical panel data model, we estimate that the importing country’s share of imports invoiced in dollars explains 15 percent of the variance of dollar pass-through/elasticity across country pairs. Our findings strongly support the dominant currency paradigm as opposed to the traditional Mundell-Fleming pricing paradigms.

Download or read book Dominant Currency Paradigm A New Model for Small Open Economies written by Camila Casas and published by International Monetary Fund. This book was released on 2017-11-22 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer’s currency or in local currency. We model instead a ‘dominant currency paradigm’ for small open economies characterized by three features: pricing in a dominant currency; pricing complementarities, and imported input use in production. Under this paradigm: (a) the terms-of-trade is stable; (b) dominant currency exchange rate pass-through into export and import prices is high regardless of destination or origin of goods; (c) exchange rate pass-through of non-dominant currencies is small; (d) expenditure switching occurs mostly via imports, driven by the dollar exchange rate while exports respond weakly, if at all; (e) strengthening of the dominant currency relative to non-dominant ones can negatively impact global trade; (f) optimal monetary policy targets deviations from the law of one price arising from dominant currency fluctuations, in addition to the inflation and output gap. Using data from Colombia we document strong support for the dominant currency paradigm.

Download or read book Articles of Agreement of the International Monetary Fund written by International Monetary Fund and published by . This book was released on 1944 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Causes and Consequences of the U S Trade Deficit and Developing Problems in U S Exports written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade and published by . This book was released on 1977 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Budget and Economic Outlook an Update written by and published by . This book was released on 2006 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Shifts in U S Merchandise Trade 1995 Inv 332 345 written by and published by DIANE Publishing. This book was released on with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Trade Deficit written by United States. Congress. Senate. Committee on Finance. Subcommittee on International Trade and published by . This book was released on 1984 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economic Report of the President written by United States. Congress. Joint Economic Committee and published by . This book was released on 1979 with total page 1106 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The 1979 economic report of the President written by United States. Congress. Joint Economic Committee and published by . This book was released on 1979 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book U S Trade Deficit written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade and published by . This book was released on 1984 with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Fiscal Policy and the Energy Crisis written by United States. Congress. Senate. Committee on Finance. Subcommittee on Energy and published by . This book was released on 1973 with total page 784 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Fiscal Policy and the Energy Crisis Oral testimony November 27 28 and 29 1973 written by United States. Congress. Senate. Committee on Finance. Subcommittee on Energy and published by . This book was released on 1973 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Fiscal Policy and the Energy Crisis Hearings Ninety third Congress First and Second Sessions written by United States. Congress. Senate. Committee on Finance. Subcommittee on Energy and published by . This book was released on 1974 with total page 1966 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Fiscal Policy and the Energy Crisis Hearings Before the Subcommittee on Energy 93 1 November 27 28 and 29 1973 written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1973 with total page 1960 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Decline of the Dollar written by United States. Congress. Senate. Committee on Foreign Relations. Subcommittee on Foreign Economic Policy and published by . This book was released on 1978 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: